by Ryan Butterfas | Jul 19, 2022 | General
How to File a Claim Performance and payment bond claims are initiated by contacting the surety company that issued the bond. If you do not know which surety company wrote the bond, you can request a copy of the bond from the principal or the owner of the project. A...
by Ryan Butterfas | Jun 23, 2022 | General
Defective Title Bonds A defective title bond, also called a lost title bond, is used when a vehicle owner does not have a title or is otherwise unable to furnish evidence of ownership. This bond provides the same ownership rights as a title. Defective title bonds are...
by Ryan Butterfas | Jun 8, 2022 | General
SB 607 Contractor’s License Bond Increase: California Senate Bill 607 will increase the required amount for all contractor’s license bonds to $25,000 on January 1st, 2023. This increase includes the standard contractor’s license bond, the bond for qualifying...
by Ryan Butterfas | May 23, 2022 | General
AB 1003 Assembly Bill 1003, passed in 2021 and effective as of January 1, 2022, makes the intentional theft of employee wages, including gratuities, punishable as grand theft. To qualify as grand theft, the amount taken must be greater than $950 for any one employee,...
by Ryan Butterfas | Apr 26, 2022 | General
Two new bills, both of which impact contractors, have passed the California Senate. The first bill, SB 607, increases the required amount for contractor’s license bonds to $25,000 effective January 1, 2023. This increase includes all three contractor’s bond types:...
