Your guide to NYC's public proceedings.
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.