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AGENCY TESTIMONY

Home improvement contractor trust fund and consumer compensation

0:15:01

ยท

14 sec

Commissioner Mayuga discusses the implementation and impact of new rules for the Home Improvement Contractor (HIC) trust fund.

  • New rules simplified the process for consumers to receive compensation from the HIC trust fund
  • In 2024, the agency approved nearly 140 claims
  • Distributed nearly $1.2 million to consumers through the HIC trust fund
Vilda Vera Mayuga
0:15:01
These new rules simplified the process for consumers to receive compensation from the HIC trust fund, And in 2024, we approved nearly 140 claims distributing nearly 1,200,000 to consumers.
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