The owner of JLM Builders has been indicted in Hillsborough Superior Court for knowingly paying a man thousands of dollars in bad checks.

James McCarron, 42, of 35 Towle Ave. in Hampton, faces between 7 1/2 and 15 years in state prison and up to a $4,000 fine if convicted on one Class A felony count of issuing bad checks.

McCarron allegedly wrote two fraudulent checks to a Rick Foley, according to the indictment — one for $1,500 on June 29, 2009, and one for $2,300 on July 3, 2009.

The indictment alleges the contractor knowingly issued bad checks to Foley because the TD Banknorth account attached to those checks was closed.

McCarron was indicted in Nashua on Jan. 15. An indictment is not an indication of guilt or conviction; rather, it means a grand jury believed there was sufficient evidence to warrant a trial.