Tenn. Comp. R. & Regs. 0680-01-.29 - LIMITED RESIDENTIAL LICENSE

(1) The Limited Residential License allows for the construction, remodel, repair, or improvement of single family dwellings in which the total cost, including the cost of the property if owned by the contractor, does not exceed one hundred twenty five thousand dollars ($125,000.00).

(2) The ten percent (10%) tolerance for monetary limitations as stated in Tenn. Comp. R. & Regs. §0680-01-.13 is not applicable to the Limited Residential License.

(3) The financial statements for Limited Residential License must reflect a positive net worth and positive working capital.

(4) The Limited Residential License applicant shall provide proof of any relevant experience in order to qualify for licensure.

(5) The applicant must participate in a limited residential license three day course as approved by the Board. The course may be taken at any location approved by the Board. These courses are found on the Board website.

Notes

Tenn. Comp. R. & Regs. 0680-01-.29

Original rule filed October 9, 2012; effective January 7, 2013. However, the Government Operations Committee filed a 60-day stay of the effective date of the rule on December 20, 2012; new effective date March 8, 2013. On February 5, 2013, (Rule 0680-01-.29, continued) the Tennessee Board for Licensing Contractors filed a withdrawal of the rule. Original rule filed November 22, 2013; effective February 20, 2014.

Authority: §§ 62-6-108, 62-6-112.