Chapter 701 — Construction Contractors and Contracts
ORS 701.150 Determination of amount to be paid from bond
If a licensed contractor fails to pay a complainant amounts due under a court judgment or under a final order of the Bureau of Labor and Industries, the Construction Contractors Board shall issue a determination stating the amount that a surety must pay the complainant. The surety shall pay the amount required under the determination as follows:
If the complaint was filed under ORS 701.145, the surety shall pay the amount from a bond required for a residential contractor.
If the complaint was filed under ORS 701.146, the surety shall pay the amount from a bond required for a commercial contractor.
The surety may not pay on a complaint until the surety receives notice from the board that the complaint is ready for payment.
The expiration or cancellation date of the license that was in force when the work that is the subject of the complaint was completed or abandoned; or
The date that the surety canceled the bond.
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Provenance
2025 Oregon Revised Statutes — official online source
Official online edition
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- oregonlegislature.gov
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Version history
Earlier statutory text is available in an ingested published ORS edition.
2025 Oregon Revised Statutes — official online source · active · operative text
Official source2023 Oregon Revised Statutes · active · operative text
Official source