The $12,500 bond is necessary to get your license. It will not be issued until prove you have your bond and send it to the CSLB. After you pass your tests, you will pay for a bond(around $100) and send the CSLB a copy. Once you send in your application to the state you will be getting a bunch of offers for a bond in the mail. Just fill one out, enclose a check, and mail it in(after you pass the law and trade exams).
As for the $2500 in capital, they never verified that I had it.
Blueprint for Becoming a California Licensed Contractor
http://www.cslb.ca.gov/Resources/Gui...ngLicensed.pdf