California Code of Regulations
Title 10 - Investment
Chapter 6 - Real Estate Commissioner
Article 12 - Subdivisions
Section 2791.3 - Lien and Completion Bonds for Onsite Construction Work
Universal Citation: 10 CA Code of Regs 2791.3
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
The penal sum of a bond or bonds furnished by or on behalf of a subdivider pursuant to Section 11013.4(d)(2) of the Code shall ordinarily be not less than 120 percent of the estimate of the total cost of the onsite construction work to be completed on the subdivision interest being offered for sale or lease.
1. New section filed 9-5-2003; operative 10-5-2003 (Register 2003, No. 36). For prior history, see Register 96, No. 46.
Note: Authority cited: Section 11001, Business and Professions Code. Reference: Section 11013.4, Business and Professions Code.
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