Business FinancesQuestion 664 of 1632
Effective January 1, 2023, the California Contractor License Bond was increased to:
a.$25,000
b.$50,000
c.$15,000
d.$12,500
Explanation
B&P §7071.6, as amended by SB 607, raised the contractor licence bond from $15,000 to $25,000 effective 1 January 2023, and the Bond of Qualifying Individual under §7071.9 rose to $25,000 with it; the LLC employee and worker bond under §7071.6.5 is $100,000. $15,000 and $12,500 are pre-2023 figures, and $12,500 was the amount before 2016. No class of licence carries a $50,000 bond.
Law Reference: Bus. & Prof. Code §7071.6 (SB 607, 2021)This topic, taught in full in the CSLB Law & Business guide. CSLB Law & Business — Complete Study Guide (2026) — PDF + EPUB, $24.99 · 14-day refund →
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)