77. The Board may, by regulation, require every contractor to join a plan guaranteeing the performance of his legal and contractual obligations, in particular, his obligation to comply with the Construction Code (chapter B-1.1, r. 2), resulting from a contract entered into with a person for the sale or construction of a new residential building.
The regulation contemplated in the first paragraph shall determine the cases and the terms and conditions of the guaranty related to the performance of the legal and contractual obligations of the contractor, and the class of new residential buildings to which it applies.
1985, c. 34, s. 77; 1991, c. 74, s. 41; 1995, c. 58, s. 1.