N.J. Admin. Code § 13:32A-5.6 - Actions on the surety bond
(a) Any person,
partnership, or corporation including any political subdivision of State government
who has been injured, aggrieved, or damaged through the failure of a master HVACR
contractor to perform the duties required by
N.J.S.A.
45:16A-1 et seq. or any rule of the Board shall be
eligible to receive the financial protection of, and may maintain an action on, the
surety bond.
(b) Any restitution to a
person, partnership, corporation, or any political subdivision of State government
ordered by the Board shall be eligible for the financial protection of the surety
bond.
(c) If a bond is used to respond
to a claim pursuant to (a) or (b) above, a master HVACR contractor shall replenish
the bond so that its sum is $ 3,000 as required by
N.J.S.A.
45:16A-23.
Notes
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