California Code of Regulations
Title 16 - Professional and Vocational Regulations
Division 8 - Contractors' State License Board
Article 6 - Bonds
Section 858.5 - Blanket Performance and Payment Bond Audit Authorization and Procedures
Current through Register 2024 Notice Reg. No. 12, March 22, 2024
(a) The Registrar may order an audit of a licensee that has an approved blanket bond on file if he or she deems an audit is necessary to ensure that the sum for which the blanket bond has been filed is sufficient to protect the public.
(b) Upon completion and review of the audit and all relevant information, the Registrar shall determine if the licensee is in compliance with the 100% rule specified under Section 858.1.
1. New section filed 11-22-2011; operative 12-22-2011 (Register 2011, No. 47).
Note: Authority cited: Section 7008, Business and Professions Code. Reference: Sections 7111 and 7159.5, Business and Professions Code.