License Bond Claim Attorneys
Overview
License bond claims can be useful tools that provide financial recovery to anyone who has been damaged due to a licensee’s willful violation of the Contractors State License Law. As of January 1, 2023, the required amount of the bond will increase from $15,000 to $25,000. If attorney’s fees are awardable to the prevailing party, they may be recovered against the surety on the contractor’s license bond.
The license bond claim attorneys at Flores Ryan, LLP have expertise in every aspect of California license bond claim procedures and strategies. We provide the legal expertise to ensure that license bond claims are properly prepared and filed. Our extensive experience as license bond claim attorneys allows us to advance license bond claims strategically to maximize the likelihood of a rapid and substantial recovery.
ARTICLES
CSLB Citations
Getting back to the basics of how a CSLB Citation works, this article will provide an overview of what every contractor should know.
What you need to know about CSLB complaints
This article covers the process of complaints and citations issued from the CSLB
California Contractors' License - The Basics
Contractors can learn the limits of what their specific license allows them to do and can learn how to properly maintain their license.
Maintaining a California contractors license in good standing
This article will cover the elements all contractors must pay attention to in order to ensure that their contractors license is properly maintained.
KEY POINTS
- Claimants may also recover on a license bond claim if the contractor fraudulently executed or performed the contract, if the contractor failed to pay wages or fringe benefits, or if there was willful or fraudulent diversion or nonpayment of funds by the contractor.
- A specific source of recovery for employee and union trust fund claimants is the mandatory contractor's bond for limited liability companies.
- As a condition to issuing, reinstating, or renewing a license or allowing continued use of an existing license, the licensing board must require an LLC to post a contractor's surety bond in the amount of $100,000.
- Under certain conditions, the license board, as a condition to issuing, reinstating, or renewing a licensure, may require an applicant to post a contractor's bond in twice the amount usually required.
- A contractor's license may not be renewed, reissued, or reinstated as long as the contractor does not satisfy any judgment or admitted claim that exceeds the amount of the contractor's bond or does not reimburse the surety for loss and expense sustained on the bond.
FORMS
Below you can generate the following forms that are applicable to citations: