California Contractor License Bond

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California Contractor License Bond


Overview


Before obtaining a contractor's license in California, contractors must register with the California Contractors State License Board (CSLB) and secure a Contractor's License Bond or provide a cash credit.

Key Requirements


If a contractor's license is suspended or revoked due to a breach of the Contractors License Law, they must file a disciplinary bond with the CSLB to have their license restored or reissued. This also applies if a new license is desired. Disciplinary bonds can reach $15,000 or more, and must be maintained with the CSLB for at least two years, sometimes longer.

All Contractor License Bonds must be issued by an authorized surety company, meeting the standards set by the CSLB and the State of California.

License and Permit Bonds


License and Permit Bonds are mandatory prerequisites for obtaining a specific job, enterprise, or occupational license or permit. These bonds may be required by the state, local municipalities, or regulatory bodies.

To fully understand the bond obligation, it is necessary to review the related statute, ordinance, or regulation, as well as the bond form's language. Generally, these bonds ensure compliance with relevant laws, statutes, ordinances, and regulations. Most License or Permit Bonds are issued for a one-year term.

Miscellaneous Bonds


Occasionally, Miscellaneous Bonds are issued to guarantee a financial obligation, indemnity, or personal loyalty. To fully grasp these bond requirements, examining the related regulation or contract, alongside the bond form’s language, is crucial.

By understanding these requirements and obligations, contractors can ensure compliance and maintain good standing with the CSLB.

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