Determination of fair market value
Sec. 11. For the purposes of this chapter, fair market value shall
be determined as of the time either the home improvement contract
was formed or at the time any of the work commenced under the
home improvement contract, whichever is earlier. However, if such
evidence is not readily available, the fair market value prevailing
within any reasonable time before or after the time described, which
in commercial judgment or under usage of trade would serve as a
reasonable substitute, may be used.
As added by P.L.251-1987, SEC.4.
Last modified: May 24, 2006