A contractor cannot obtain a surety bond. What alternative does the license law allow to satisfy the bond requirement?

Explicación

B&P §7071.4(a) lets a licensee satisfy any bond in this article either with a bond from an admitted surety or with a deposit made under Code of Civil Procedure §995.710(a)(1) — lawful money of the United States or a cashier's check, held in trust by the Registrar — in the same amount as the bond it replaces. (b) is the alternative the section names and then rejects: 'no other method of deposit, including, but not limited to, a certificate of deposit, shall satisfy a bond requirement under this article.' (a) and (d) are likewise outside the one permitted form, and a qualifier's personal promise is not security the Registrar can hold.