SECTION 1. Section 7 of said chapter 142A of the General Laws as appearing in the 2020 Official Edition is hereby amended by striking out the third paragraph and inserting in place thereof the following paragraph: -

The fund administrator may not award: (1) more than twenty thousand dollars or any amount necessary to compensate the owner for his actual loss, whichever is less to any one claimant, or; (2) more than one hundred thousand dollars to claimants on account of the conduct of any one registered contractor or subcontractor who has committed a prohibited act or violation under section 17 of chapter 142A of the General Laws in the most previous twelve-month period, unless after the fund administrator has paid out said one-hundred thousand dollars the registrant has repaid the fund the full amount; provided, however, that it is within the discretion of the fund administrator to waive the limit with cause; or (3) any amount for consequential damages, except as may be allowed under section four, or for personal injury, punitive damages, attorney's fees, court costs or interest.

SECTION 2. Not later than December 31, 2028, Section 7 of chapter 142A of the General Laws as appearing in the 2020 Official Edition, shall be amended by striking out, in line 12, the word “twenty” and inserting the word “thirty”.