Under Oregon law, what is the minimum bond amount required for a CCB license?
Correct Answer
C) $20,000
Oregon requires a minimum $20,000 surety bond for CCB licensing under ORS 701.
Why This Is the Correct Answer
Oregon Revised Statutes Chapter 701 requires all CCB licensees to maintain a minimum $20,000 surety bond. This bond protects consumers if a contractor fails to complete work, abandons a project, or causes damage. The $20,000 figure is the statutory floor — some license categories or endorsements may require higher bonds.
Why the Other Options Are Wrong
Option A: $25,000
$25,000 is above the statutory minimum and is not the base CCB bond requirement. You may be confusing this with bond amounts required in other states or for specialty contractor categories.
Option B: $15,000
$15,000 is below the $20,000 minimum set by ORS 701. Oregon increased bond requirements over time to provide greater consumer protection; $15,000 reflects an outdated or incorrect amount.
Option D: $30,000
$30,000 exceeds the statutory minimum. Some higher-risk or commercial license classifications may require larger bonds, but the base CCB residential license requires only $20,000.
Memory Technique
Picture a $20 bill with the Oregon state seal on it — '$20,000 bond, Oregon CCB.' Twenty dollars → $20,000 bond.
More Oregon Questions
Under ORS 701, what is the minimum amount of public liability insurance required for a CCB licensed contractor?
An employee is injured on a job site. The contractor's workers compensation premium was $2,400 annually. If they were operating without coverage, what is the minimum penalty multiplier applied to the premium?
A contractor completes a $12,000 deck project but the homeowner claims defective work. Under ORS 87, how long does the contractor have to file a lien for unpaid amounts?
Under ORS 701, what is the maximum amount a residential contractor can collect as a down payment before starting work?
A homeowner cancels a $8,000 roofing contract within the 3-day right to cancel period. The contractor had already ordered $1,200 in custom materials. How much can the contractor retain?
A general contractor hires a subcontractor who performs $15,000 worth of electrical work. The property owner pays the general contractor but the general contractor fails to pay the subcontractor. Calculate the subcontractor's maximum lien claim under ORS 87.
A renovation project in a 1972 home will disturb 15 square feet of painted trim. The contractor is not RRP certified. What must they do under Oregon lead regulations?
What is the minimum experience requirement for obtaining an Oregon CCB contractor license?
A homeowner hired an unlicensed contractor who abandoned a $25,000 project. The homeowner wants to file a claim with the CCB. What is the likely outcome?
A residential contractor completes a $35,000 kitchen remodel but fails to obtain required permits. Under Oregon law, what is the potential penalty?
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