Or. Admin. R. 812-003-0171 - Bond, Letter of Credit or Cash Deposit

For all new and renewal license applications, a surety bond as required under ORS 701.068, or a surety bond, letter of credit or cash deposit as required under ORS 701.088, must be in one of the following amounts:

(1) Residential General Contractor - $20,000.

(2) Residential Specialty Contractor - $15,000.

(3) Residential Limited Contractor - $10,000.

(4) Residential Developer - $20,000.

(5) Residential Locksmith Services Contractor - $10,000.

(6) Home Inspector Services Contractor - $10,000.

(7) Home Services Contractor - $10,000.

(8) Home Energy Performance Score Contractor - $10,000.

(9) Residential Restoration Contractor - $10,000.

(10) Commercial General Contractor Level 1 - $75,000.

(11) Commercial Specialty Contractor Level 1 - $50,000.

(12) Commercial General Contractor Level 2 - $20,000.

(13) Commercial Specialty Contractor Level 2 - $20,000.

(14) Commercial Developer - $20,000.

(15) Construction Flagging Contractor - $20,000.

Notes

Or. Admin. R. 812-003-0171

CCB 5-2008, f. 2-29-08, cert. ef. 7-1-08; CCB 6-2013, f. 12-19-13, cert. ef. 1-1-14; CCB 2-2016, f. 12-29-16, cert. ef. 1/1/2017; CCB 1-2017, f. 6-28-17, cert. ef. 7/1/2017

Stat. Auth.: ORS 670.310, 701.068, 701.088 & 701.235

Stats. Implemented: ORS 701.068, 701.081, 701.084, 701.088, 701.470 & 701.540