The $25,000 figure most commonly associated with California contractor licensing is:

a.The largest mechanics lien the statute allows
b.The project size that requires a payment bond
c.The contractor's license bond amount
d.The builder's risk limit the CSLB sets

Giải thích

$25,000 is the contractor's bond every active licensee must keep on file under B&P §7071.6 — and the same figure is the minimum disciplinary bond under §7071.8 and the amount of the qualifying individual's bond under §7071.9. (b) is the real neighbor and the reason this item is worth asking: Civil Code §9550(a) requires a payment bond on a public works contract involving an expenditure in excess of $25,000, the identical number doing an unrelated job. (a) invents a statutory cap on liens; a lien is in the amount of the claimant's demand. (d) invents a CSLB insurance requirement — the only insurance the license law compels is workers' compensation under §7125, plus the limited liability company's liability policy under §7071.19.

Trích dẫn luật: B&P Code §7071.6 / Civ. Code §9550(a)

Luyện miễn phí toàn bộ 1632 câu hỏi — không cần đăng ký.

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Đội ngũ PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)
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