MHIC NASCLA Contractors Practice Exam

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Prepare for the MHIC NASCLA Contractors Exam with our comprehensive quiz that includes multiple-choice questions designed to help you familiarize yourself with the exam format and increase your chances of passing. Get ready to succeed!

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What is the fee to place a license on inactive status?

$25
$50
$75
$100

The correct answer is: $50

The fee to place a license on inactive status is set at $50. This fee is established by the licensing authority to manage the administrative costs associated with processing and maintaining inactive licenses. When a contractor chooses to inactivate their license rather than allowing it to lapse or remain active, the fee helps cover the resources required to uphold the records and reactivation process. Understanding these fees is essential for contractors who may need to pause their activities but wish to retain the option to reactivate their licenses in the future. Keeping track of fees and understanding their purpose allows contractors to better manage their financials and compliance with licensing regulations.