Minnesota Contractor License Bond

MinnesotaPlumbers and household installers within the State of Minnesota must abide by a new bill that was recently enacted. The new bill is titled SB 2510 and modifies numerous surety bond requirements relating to plumbers and household installers. SB 2510 terminates the previous exclusion of the surety bond requirements for plumbers working under master plumbers. Now plumbers must acquire a minimum $25,000 surety bond under the present legislation. The new bill also states that the present surety bond required for manufactured home installers, residential roofers and sign installation contractors now calls for a “biennial” surety bond. The present legislation requires a $15,000 surety bond for residential roofers and a $2,500 bond for manufactured home installers.