What is the Oregon CCB bond amount required for a residential contractor license?
Correct Answer
D) $20,000
Oregon requires a $20,000 surety bond for CCB residential contractor licenses to protect consumers.
Why This Is the Correct Answer
Oregon law requires a $20,000 surety bond for CCB residential contractor licenses. This bond protects consumers from contractor non-performance, defective work, or other violations.
Why the Other Options Are Wrong
Option A: $25,000
$25,000 is not the required residential contractor bond amount. This figure may be confused with bond amounts in other states or for different license types.
Option B: $15,000
$15,000 is below the required amount. It does not match any standard Oregon CCB residential contractor bond requirement.
Option C: $10,000
$10,000 is the bond amount associated with smaller or specialty licenses in some jurisdictions, but it is not correct for Oregon CCB residential contractors.
Memory Technique
Associate '$20,000 residential bond' with a '20-point checklist for home safety' — 20 is the number for residential protection in Oregon CCB.
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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Previous Question
A material supplier delivers $8,500 worth of lumber to a residential construction site in Oregon. The general contractor fails to pay. Under ORS 87, within how many days must the supplier file a lien claim?
Next Question
Under ORS 87, if a prime contractor receives payment from the property owner but fails to pay subcontractors, the unpaid subcontractors can file a lien claim within how many days of learning about the nonpayment?