What is the standard contractor license bond amount for most Class C specialty contractors?
Correct Answer
C) $15,000
Per B&P Code Section 7071.6, the standard contractor license bond is $15,000 for most contractors.
Why This Is the Correct Answer
Per B&P Code Section 7071.6, the standard contractor license bond is $15,000 for most licensed contractors, including Class C specialty contractors. This bond protects consumers and employees from contractor misconduct or failure to pay wages.
Why the Other Options Are Wrong
Option A: $25,000
$25,000 is not the standard bond amount. It may be confused with other surety or bond requirements in different contexts, but it is not the statutory CSLB license bond figure.
Option B: $50,000
$50,000 is significantly higher than the standard bond requirement. This figure does not correspond to the B&P Code Section 7071.6 standard amount.
Option D: $7,500
$7,500 was the bond amount before a legislative increase. The current statutory requirement under B&P Code Section 7071.6 is $15,000. Choosing the old amount is a common error.
Memory Technique
Think '$15K to stay free': a $15,000 bond is the baseline to keep your CSLB license active. Fifteen thousand — fifteen letters in 'Class C Specialty'.
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