Under Arizona ROC rules, what is the minimum bond amount required for a residential contractor with a classification limit of $750,000?
Correct Answer
D) $15,000
Arizona requires a minimum bond of $15,000 for residential contractors, regardless of classification limit, with higher amounts required for larger limits.
Why This Is the Correct Answer
Arizona requires a minimum bond of $15,000 for residential contractors, regardless of classification limit, with higher amounts required for larger limits.
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What is the current minimum bond amount required for a residential contractor license in Arizona?
A contractor files a preliminary 20-day notice on January 15th for work that began on January 10th. The preliminary notice was delivered to the owner on January 18th. Under A.R.S. 33-981, is this notice valid for lien purposes?
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According to Arizona law, a residential contractor must provide a written contract for all jobs exceeding what dollar amount?
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A material supplier delivers $18,000 worth of lumber to a residential construction site. The general contractor fails to pay. Under A.R.S. 33-981, within what timeframe must the supplier serve a preliminary 20-day notice to preserve lien rights?