Bill > AB521

This bill amends the Business and Professions Code to modify regulations concerning contractor license bonds and deposits managed by the Contractors State License Board (CSLB). Specifically, the bill exempts the CSLB from liability for legal fees or costs in any action against deposits filed with the registrar, regardless of when those deposits were originally submitted. The bill applies to various types of deposits made in lieu of surety bonds by licensed contractors, including those filed before January 1, 2019. Under the existing law, contractors are required to maintain bonds executed by admitted surety insurers or deposited with the registrar, and the bill clarifies that the board will not be responsible for legal expenses related to claims against these deposits. The legislation continues to maintain existing provisions about time limitations for filing claims, such as three-year limitation periods for most actions and six-month periods for wage-related claims, while ensuring that the CSLB has clear protection from potential legal fee obligations associated with these contractor bond deposits.

Budget and Finance, Business and Industry, Justice

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB521