Under Oregon residential contractor requirements, what is the minimum bond amount required for a CCB license?
Correct Answer
C) $20,000
Oregon requires a minimum surety bond of $20,000 for CCB contractor licenses to protect consumers.
Why This Is the Correct Answer
Oregon's Construction Contractors Board (CCB) requires a minimum surety bond of $20,000 for licensed contractors. This bond protects consumers against financial losses from contractor default, incomplete work, or code violations. The $20,000 minimum applies to residential general contractors.
Why the Other Options Are Wrong
Option A: $10,000
$10,000 is below Oregon's required minimum. A $10,000 bond is insufficient to meet CCB licensing requirements and would not provide adequate consumer protection under Oregon law.
Option B: $25,000
$25,000 is above the minimum required. While a contractor may carry a higher bond, the minimum required by Oregon CCB is $20,000. Selecting $25,000 confuses the minimum with a higher optional or tier-specific amount.
Option D: $15,000
$15,000 is below the $20,000 minimum and does not satisfy CCB licensing requirements. This amount may be confused with minimums in other states or earlier Oregon requirements.
Memory Technique
Oregon CCB = $20,000. Remember '20 for Oregon' — the state has 20 letters... actually think of it as: Oregon is the 33rd state but the bond is a clean $20k. Or: 20,000 = 20 thousand = CCB (Construction Contractors Board = 3 words, but just remember 20k for Oregon).
More or-supplement 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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Under ORS 87, how many days does a prime contractor have to provide a Notice to Owner after receiving a Notice of Right to Lien from a subcontractor?
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