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Bond Requirement For Contractors License In CA

 
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Old 04-12-2007, 01:43 PM   #1
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Bond Requirement For Contractors License In CA


Can anyone give me a quick rundown of how a bond is filed with the licensing board? As I understand it my state asks for at least $2500 in working capitol as well as a $10,00 bond to be filed with Registrar. At risk of sounding like an idiot, who is the registrar and is the Bond neccesary? I am working on my app. for a painting contractors license and the license form itself does not refer to any bond requirement.
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Old 04-12-2007, 09:57 PM   #2
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Re: Bond Requirement For Contractors License In CA


JG

Read thru the "blueprint for becoming a licesed contrtactor" at the CSLB website. It answers alot of little questions about things.
Yes a bond is required, but it doesn't need to be filed until the board tells you to.
The registrar is just someone at the license board.

Good luck!!

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Old 05-02-2007, 10:52 PM   #3
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Re: Bond Requirement For Contractors License In CA


The bond is now $ 12,500.00, they are pretty cheap, once you file you application your mailbox will overflow with companies wanting YOU to take their course to help you pass, YOU will also be inundated with bond offers, first time/first year runs around $ 100.00, I just renewed for three years @ $ 259.00.

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Old 01-26-2009, 08:21 PM   #4
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Re: Bond Requirement For Contractors License In CA


Update...

Bonds now run about $180 for newly licensed contractors. If you'd like to avoid the junk mail, I can help with the bond. Click on my name below for more info.
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Old 01-26-2009, 09:04 PM   #5
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Re: Bond Requirement For Contractors License In CA


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
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Old 01-06-2014, 01:49 PM   #6
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Re: Bond Requirement For Contractors License In CA


Is there an alternative to the bond, if one lacks the credit rating to qualify for a bond? Will the CSLB accept $12,500 deposit in lieu of bond?
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Old 01-06-2014, 01:56 PM   #7
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Re: Bond Requirement For Contractors License In CA


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Originally Posted by tombeck View Post
Is there an alternative to the bond, if one lacks the credit rating to qualify for a bond? Will the CSLB accept $12,500 deposit in lieu of bond?
Yes. The details are somewhere on the CSLB site.
Bond companies are probably accustomed to dealing with people with awful credit ratings. Presumably the rates are higher, but I don't know how much.
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Old 01-06-2014, 01:59 PM   #8
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Re: Bond Requirement For Contractors License In CA


Click here for cash deposit details: http://www.cslb.ca.gov/contractors/m...ternatives.asp

Bonding companies will allow you to make payments if the bond amount is over $500.

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