The SB 1432, which became effective on January 1, 2009, amended California’s law for claims toward home improvement contractors. The new law states that a homeowner may make a claim against the contractor’s bond only if the damages happened when the homeowner did not intend on selling the home. The law also makes a change to the time limit of making the claim, based on the contractor’s licensing period.
California Contractor’s License Bond Amendment
August 17, 2009 by Lisa Grimsley
Category: Commercial Bonds, Contractor License Bonds, Surety NewsTags: bond requirements, ca, california, contractor, Contractor License Bonds, contractors, legislation, surety bond |
