Wash. Admin. Code § 296-200A-065 - What procedures must be followed when surety bonds and/or other securities approved by the department become impaired?

(1) Once the department has been notified that the surety bond or other security approved by the department has been impaired by a final judgment or reduced by payment to an amount less than is required by WAC 296-200A-030, the contractor's registration will automatically be suspended and the department will mail a letter to the contractor within two days.

(2) Once the unsatisfied final judgment has been satisfied, the contractor may reapply according to the requirements of this chapter.

Notes

Wash. Admin. Code § 296-200A-065

Statutory Authority: Chapter 18.27 RCW, 2011 c 15, and 2011 c 301. 11-23-140, § 296-200A-065, filed 11/22/11, effective 12/31/11. Statutory Authority: Chapter 18.27 RCW and 2007 c 436. 08-16-091, § 296-200A-065, filed 8/4/08, effective 9/4/08. Statutory Authority: RCW 18.27.040, 18.27.070, 18.27.075, 18.27.125, 2001 c 159, and chapter 18.27 RCW. 03-20-097, § 296-200A-065, filed 9/30/03, effective 11/17/03.