Podcast
Questions and Answers
What is the maximum penalty for a contractor who undertakes work without the proper class of license?
What is the maximum penalty for a contractor who undertakes work without the proper class of license?
$500 fine.
Which of the following is a requirement for a joint venture?
Which of the following is a requirement for a joint venture?
What must the application for licensure include?
What must the application for licensure include?
the business address of the proposed designated employee.
What must all Class A contractor licensure applications include?
What must all Class A contractor licensure applications include?
Signup and view all the answers
What happens when a claimant is paid funds from the Contractors Recovery Trust Fund?
What happens when a claimant is paid funds from the Contractors Recovery Trust Fund?
Signup and view all the answers
Who must be licensed?
Who must be licensed?
Signup and view all the answers
What is the primary purpose of licensing?
What is the primary purpose of licensing?
Signup and view all the answers
What is the minimum net worth required for a firm to be licensed as a Class B contractor?
What is the minimum net worth required for a firm to be licensed as a Class B contractor?
Signup and view all the answers
How many days does a licensee have to report a name change to the Board?
How many days does a licensee have to report a name change to the Board?
Signup and view all the answers
Which of the following could be a qualified individual according to the Board Rules and Regulations?
Which of the following could be a qualified individual according to the Board Rules and Regulations?
Signup and view all the answers
How much is the Class A initial license fee?
How much is the Class A initial license fee?
Signup and view all the answers
What is the minimum number of hours a full-time employee must work per week?
What is the minimum number of hours a full-time employee must work per week?
Signup and view all the answers
Who is responsible for the local building department?
Who is responsible for the local building department?
Signup and view all the answers
Within how many working days must a building official issue a certificate of occupancy after it has been requested?
Within how many working days must a building official issue a certificate of occupancy after it has been requested?
Signup and view all the answers
Within how many days must an appeal to the local building official's decision be made?
Within how many days must an appeal to the local building official's decision be made?
Signup and view all the answers
What must additions to buildings comply with?
What must additions to buildings comply with?
Signup and view all the answers
When must work be stopped following the issuance of a stop work order?
When must work be stopped following the issuance of a stop work order?
Signup and view all the answers
What is the threshold balance for the Transaction Recovery Fund that triggers a fee assessment for contractors?
What is the threshold balance for the Transaction Recovery Fund that triggers a fee assessment for contractors?
Signup and view all the answers
For which type of structures may a contract be subject to recovery from the Transaction Recovery Fund?
For which type of structures may a contract be subject to recovery from the Transaction Recovery Fund?
Signup and view all the answers
Within how many months must a verified claim for payment from the Transaction Recovery Fund occur after a final judgment?
Within how many months must a verified claim for payment from the Transaction Recovery Fund occur after a final judgment?
Signup and view all the answers
Within how many days must contractors pay the fee to support the Transaction Recovery Fund after the assessment fee notice is mailed?
Within how many days must contractors pay the fee to support the Transaction Recovery Fund after the assessment fee notice is mailed?
Signup and view all the answers
Payments made by the Transaction Recovery Fund to claimants may include an amount for what?
Payments made by the Transaction Recovery Fund to claimants may include an amount for what?
Signup and view all the answers
Within how many days must an appeal of a final decision on an erosion control plan be filed?
Within how many days must an appeal of a final decision on an erosion control plan be filed?
Signup and view all the answers
Temporary erosion and sediment control measures must be removed within a maximum of how many days after final site stabilization?
Temporary erosion and sediment control measures must be removed within a maximum of how many days after final site stabilization?
Signup and view all the answers
Study Notes
Contractor Licensing and Regulations
- Maximum penalty for unlicensed work: $500 fine.
- Joint ventures require at least one party to be licensed.
- Licensure applications must include the designated employee's business address.
- Class A applications require details on applicants' knowledge, skills, and abilities.
- Claimants receiving funds from the Contractors Recovery Trust Fund lead to contractor license revocation.
- Material suppliers advising contractors do not need a license.
Purpose and Requirements of Licensing
- Primary purpose of contractor licensing: protect public health and welfare.
- Class B contractors need a minimum net worth of $15,000.
- License name changes must be reported within 30 days.
- Only full-time employees, working a minimum of 30 hours a week, can qualify under Board rules.
Fees and Timeframes
- Class A initial license fee is set at $200.
- Building officials must issue certificates of occupancy within 5 working days if requirements are met.
- Appeals for modifications to the USBC must be filed within 90 days.
- Additions must comply with current construction codes.
- Work must cease immediately upon issuance of a stop work order.
Transaction Recovery Fund
- Contractors are assessed a fee when the Transaction Recovery Fund balance drops below $400,000.
- Only residential contract structures are eligible for recovery from the Transaction Recovery Fund.
- Verified claims from the Transaction Recovery Fund must be submitted within 12 months post-final judgment.
- Fees to the Transaction Recovery Fund are due within 45 days of notification.
- Payments from the fund may cover attorneys' fees.
Appeals and Controls
- Appeals against county decisions on erosion control plans must be filed within 30 days.
- Temporary erosion and sediment control measures must be removed within 30 days after final site stabilization.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge on the important aspects of contractor licensing and regulations. This quiz covers what you need to know about licensing fees, requirements, and penalties. Perfect for aspiring contractors and those involved in the construction industry.
