[{"data":1,"prerenderedAt":86},["ShallowReactive",2],{"guide-question-maryland-contractor-simulator-financial-solvency-check":3},{"site":4,"simulation":15,"topic":23,"question":26,"siblings":55,"prev":84,"next":85},{"name":5,"tagline":6,"title":7,"description":8,"guideTitle":9,"guideDescription":10,"ogImage":11,"disclaimer":12,"practicePitch":13,"citationsTitle":14},"Free MHIC Training","Maryland home improvement exam prep","Free MHIC Exam Prep: Maryland Home Improvement Contractor Practice","Free, narrated MHIC exam prep: 147 real Maryland contractor scenarios, every choice explained, with the law cited where it applies.","MHIC Exam Study Guide","Every scenario in the free Maryland Contractor Simulator, written out as a practice question: the situation, your options, how each choice plays out, and the Maryland law where it applies.","/og/free-mhic-training.png","Free MHIC Training is free study material for the Maryland home improvement contractor exam. It is not affiliated with the Maryland Home Improvement Commission and is not legal advice.","The free Maryland Contractor Simulator puts you in situations like these across a 40-day contracting career, narrated, with your license on the line. No account needed.","Law and codes cited",{"slug":16,"title":17,"subtitle":18,"description":19,"maxTurns":20,"characterCount":21,"scenarioCount":22},"maryland-contractor-simulator","Maryland Contractor Simulator","Learn the law by living it.","You just got your MHIC license application approved and you're starting your home improvement business in Maryland. Navigate real contractor scenarios — contracts, permits, clients, subcontractors, and inspectors. Every choice teaches you the law through consequence, not memorization. Master all five exam areas to pass.",40,20,147,{"slug":24,"title":25},"licensing","MHIC Licensing & Renewal",{"slug":27,"title":28,"description":29,"takeaway":30,"situation":31,"speaker":34,"speakerDescription":34,"speakerAvatar":34,"audioUrl":35,"choices":36,"citations":51},"financial-solvency-check","How do you meet the MHIC financial solvency requirement at renewal?","Count business and personal assets together, including receivables, equipment, vehicle equity, and savings, toward the $20,000 required by Business…","Count business and personal assets together, including receivables, equipment, vehicle equity, and savings, toward the $20,000 required by Business Regulation §8-304. If you fall short, contact the MHIC before the deadline; never misstate it.",[32,33],"It's license renewal time. You need to demonstrate $20,000 in financial solvency. Between a slow winter and the granite countertop dispute, your business account is at $8,400 and your personal assets aren't much better.","Renewal is due in 30 days.",null,"/media/voices/financial_solvency_check.mp3",[37,42,47],{"text":38,"verdict":39,"label":40,"explanation":41},"Start collecting outstanding invoices aggressively, cut expenses, and prepare accurate financial statements. If you can't meet the threshold, contact the MHIC before the deadline to discuss options","best","Best approach","The $20,000 financial solvency requirement (Business Regulation §8-304) combines business and personal assets. Outstanding receivables, equipment value, vehicle equity, and personal savings all count. Start with an accurate accounting. If you genuinely can't meet it, contacting the MHIC proactively is better than missing the renewal deadline — they may offer a conditional renewal or grace period.",{"text":43,"verdict":44,"label":45,"explanation":46},"Inflate your asset statement to show $20,000 — nobody actually verifies these numbers","wrong","Fraud","Submitting false financial statements to the MHIC is fraud. The Commission does verify, and credit reports are part of the renewal process (COMAR 09.08.01.19). If discovered, you face license revocation and potential criminal charges. Your credit report will tell a story — make sure your financial statement tells the same one.",{"text":48,"verdict":44,"label":49,"explanation":50},"Let the license lapse and keep working — you'll renew when cash flow improves","Illegal","Operating with a lapsed license is the same as operating without a license, which is illegal under Maryland Business Regulation §8-601. Every contract you sign, every dollar you collect, every job you perform while unlicensed is a separate violation. Homeowners lose their Guaranty Fund protection when they unknowingly hire a lapsed contractor.",[52,53,54],"Business Regulation §8-304","COMAR 09.08.01.19","Business Regulation §8-601",[56,59,62,63,66,69,72,75,78,81],{"slug":57,"title":58,"topic":24},"first-day-as-contractor","What should a new MHIC contractor do before the first job?",{"slug":60,"title":61,"topic":24},"insurance-lapse","What happens if your contractor liability insurance lapses in Maryland?",{"slug":27,"title":28,"topic":24},{"slug":64,"title":65,"topic":24},"license-renewal-process","What does the MHIC require to renew a contractor license?",{"slug":67,"title":68,"topic":24},"corporate-license-question","Do you need to update your MHIC license when you form an LLC?",{"slug":70,"title":71,"topic":24},"address-change","Do you have to tell the MHIC when your business address changes?",{"slug":73,"title":74,"topic":24},"mhic-website-verification","What if the MHIC lookup shows your old business name?",{"slug":76,"title":77,"topic":24},"credit-report-surprise","Why does the MHIC review your credit report?",{"slug":79,"title":80,"topic":24},"outstanding-obligations","Can unpaid supplier bills put your MHIC license at risk?",{"slug":82,"title":83,"topic":24},"annual-license-audit","How should a contractor respond to an MHIC compliance audit?",{"slug":60,"title":61,"topic":24},{"slug":64,"title":65,"topic":24},1792184484118]