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Maximum Contractor Deposit per Law - Washington, DC

User
6 years ago

I'm wondering what's the most a contractor can ask for up front before starting a job. I've confirmed this varies by state; however, it is consistently stated that is is 'illegal' for a contractor to ask for more than 10% up front in MD, DC, and VA. I have not seen anyone include an actual citation for this. Can someone include the title of the code and cite the law that states the maximum deposit a contractor can ask for in Washington, DC?

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