Under ORS 701, a CCB contractor's bond must be maintained in what minimum amount?
Correct Answer
B) $20,000
ORS 701 requires CCB contractors to maintain a surety bond of at least $20,000.
Why This Is the Correct Answer
$20,000 is correct. ORS 701 requires all CCB-licensed residential contractors to maintain a surety bond of at least $20,000. This bond protects consumers (homeowners) if the contractor fails to complete work, does substandard work, or abandons a project. The bond amount is a fixed statutory requirement under Oregon law.
Why the Other Options Are Wrong
Option A: $10,000
$10,000 is incorrect. $10,000 is well below the ORS 701 requirement. This lower figure does not provide adequate consumer protection and is not the statutory minimum.
Option C: $25,000
$25,000 is incorrect. While $25,000 exceeds the minimum, ORS 701 sets the required bond at exactly $20,000 for residential contractors. Choosing $25,000 shows directional knowledge but misses the specific statutory amount.
Option D: $15,000
$15,000 is incorrect. $15,000 is below the $20,000 requirement. This distractor tests whether you know the exact bond amount versus a plausible but incorrect figure.
Memory Technique
Memorize: CCB bond = $20,000. A helpful anchor: '20 thousand to work in Oregon' — tie the number 20 to the Oregon CCB like the 20 Willamette Valley counties where most Oregon construction happens.
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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