Home improvement contractor trust fund and consumer compensation

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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

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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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Home improvement contractor trust fund and consumer compensation

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