Issue # 12
October 2022
Featured in this edition:
- Meet The RMO Agency Team Pt. 3
- CSLB & Butte County DA Go After Unlicensed Contractors
- CSLB Reminds Licensees of Contractor’s Bond Increase to $25,000
- Got A Story? Lunch Is On Us
Meet The RMO Agency Team Pt. 3
Meet The RMO Agency Team in this video playlist. In this video we go over Tips For Contractors on Keeping Your New License in Good Standing
CSLB & Butte County District Attorney Continue Effort to Protect Camp Fire Survivors from Unlicensed Contractors
Agencies joined forces to conduct undercover sting operation in declared disaster area
As Camp Fire survivors in the Paradise area of Butte County continue to rebuild, the Contractors State License Board (CSLB) Statewide Investigative Fraud Team (SWIFT) and Butte County District Attorney’s Office (DA’s Office) remain alert to unlicensed or unscrupulous contractors who take advantage of the situation. The agencies collaborated recently to conduct an undercover sting operation.
Bids received during the operation ranged from $2,200 for tree removal to $12,700 for the installation of concrete.
CSLB Reminds Licensees of Contractor’s Bond Increase to $25,000
Sacramento, CA – The Contractors State License Board (CSLB) is reminding all licensees that the contractor’s bond amount is increasing to $25,000 on January 1, 2023.
CSLB first publicized this increase in December 2021. The increase is the result of Senate Bill 607, which was signed into law in 2021. The increase applies to the contractor license bond (from $15,000 to $25,000) and the bond of qualifying individual (from $12,500 to $25,000).
CSLB distributed notices to 203 surety companies on September 28, 2022, with instructions for automatically increasing all licenses’ bonds and bonds of qualifying individuals currently on file with CSLB. If you are a licensed contractor, your surety company or broker should contact you soon to inform you of any changes to your bond premium.
You can also contact your surety company directly to ensure they have returned documentation to CSLB to increase your bond. If you know the name of your surety company, you can look up their contact information here. The name and contact information of your surety is also on your bond agreement itself or your broker can provide it. Questions about any increase to your bond premium must be directed to your broker or surety company and not CSLB.
Revised contractor bond and bond of qualifying individual forms with the new bond amounts will be available to the sureties in December 2022.
The increase occurred in part due to a license bond study CSLB conducted as required by Business and Professions Code section 7071.6. The study determined that the current $15,000 amount of the contractor bond is not sufficient and an increase may be necessary.
More information about bonds can be found on CSLB’s website.
Got A Story? Lunch Is On Us...
Got a successful RMO-Contractor relationship? Meet for lunch, share your story & tips of good RMO practices, send us a video and lunch is on us!
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Graduates
Congratulations to our recent graduates:
- Crescenta Valley Tile Distributor Inc
- Summit Clean Air LLC
- Perez family Landscaping
- S And L Remodeling And Design Inc
Humor
