With the housing business expecting to improve over the next few years, we can look forward to seeing legislation move towards home improvement contractors being more tightly licensed, especially when it comes to their contractor licensing bonds. One trend is that fewer and fewer states will allow a statewide home improvement contractors license. Most state boards are moving towards licensing for specific types of home improvement such as roofing, or making the licenses connected with a specific location or city.
Contractor Licensing Bonds Required
A good example of this is Iowa, which recently enacted legislation that would create a license and contractors licensing bonds requirement for sheet metal contractors. This will being these contractors into the fold with other home improvement contractor licensing requirements for the state. In Kansas they now require registration certification and a contractor licensing bond posting for anyone considering opening operations as a roofing contractor in the state.
In Oregon, contractors that assess home energy performance scores will need to have a contractors license and to obtain a surety bond in the amount of $10,000 in addition to fulfilling all the requirements of a home contractor for Oregon. In Texas and Oklahoma legislation was introduced to require roofing contractors to post surety bonds along with their new licensing requirements, but in both states the bill was fought and stopped.
More Surety Bond Changes
You can be sure that this is not the last you will hear about new contractor licensing bonds, however. In some states, the changes have been to remove surety bond requirements for licencing in related contractor businesses. For anyone that works as a radon mitigation or measurement professional in Kentucky, the surety bond requirements that were enacted last year have been revoked.
In addition, master plumbers and gas fitters in Alabama that were facing the possibility of new surety bond requirements for the coming year will be interested to hear that this bill has been defeated. The bill would have changed the current city and county bonds to a statewide bond. As noted earlier, that trend seems to be reversing itself as more and more states reject the concept of a statewide contractor surety bond requirement.
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Washington State Car Dealer Bond RequirementsThe Evergreen State is well named, for if you have ever driven through it the bounty of endless trees can be overwhelming. But in a state that has beaches, mountains and a world-famous city like Seattle you can expect to see plenty of car dealerships. Here is what you would need to have in place regarding car dealer bonds for a vehicle dealership in Washington State:
- To sell new and used motor vehicles retail or wholesale or at auction – Requires a $30,000 New and Used Motor Vehicle Bond or Auto Dealer Bond
- To wholesale to licensed dealers for used cars, trucks and motor-homes – Requires a $30,000 Motor Vehicle Dealer or MVD Surety Bond
- For selling any new or used non-motorized mobile home, manufactured home, tent or park trailer and travel trailer – Requires a $30,000 Mobile Home Dealer Bond
- To sell motorcycles, off-road vehicles, boats, horse trailers and other miscellaneous new or used vehicles that are not motor vehicles, mobile homes or tent/travel trailers – Requires a $5,000 Miscellaneous Vehicle Dealer Bond
Oregon Car Dealer BondsWhile Washington can be picky about the kind of car dealership you want to run, The Beaver State is a more generous state and only requires that you have a car dealer bond if you sell motor vehicles period. That makes it pretty easy for anyone who is considering opening a car dealership in Oregon as there is only one kind of car dealer bond they will need: For all car dealerships, new and used regardless of what else they sell – A $40,000 Motor Vehicle Dealer (MVD) Bond is required.
California Auto Dealership RequirementsIf you have ever driven through California in August you would know why it is called The Golden State, for its hills have a golden haze to them waiting for the rains to begin. With its abundance of cities and cars, it is not that surprising that California has several types of auto dealer bonds depending on the type of vehicle you plan to sell:
- For new and used retail sales of all vehicles except motorcycles and All Terrain Vehicles (ATVs) – a $50,000 Retail Motor Vehicle Dealer Bond is required
- For wholesale sales of all vehicles except motorcycles and ATVs – a $10,000 Wholesale Dealer Bond is required
- For retail or wholesale sales of motorcycles and ATVs – Posting a $10,000 Motorcycle or ATV Dealer Bond is part of the licensing process
- In addition, California may require a $25,000 Registration Service Bond.
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- $3,000 – For projects that are $10,000 or less
- $10,000 – For projects that are $10-25,000
- $15,000 – For businesses on probation and if projects are more than $25,000
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Senate Bill No. 1556: Bidding PreferencesOregon Senate Bill 1556 was passed quickly as an emergency bill to allow contracting agencies to award preferences on bidding for federally funded transit projects. This bill would allow a company that bids or proposes in an amount that exceeds the federal Buy America requirements, including any requirements regarding the posting of construction surety bonds, to be given preference in the bidding process. The law was passed on March 16 and went into law immediately. Anyone wishing to read the complete text to Oregon Senate Bill 1556 can do so at the link provided.
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