Sacramento, CA – The Contractors State License Board (CSLB) is reminding all licensees that the contractor’s bond amount is increasing to $25,000 on January 1, 2023.
CSLB first publicized this increase in December 2021. The increase is the result of Senate Bill 607, which was signed into law in 2021. The increase applies to the contractor license bond (from $15,000 to $25,000) and the bond of qualifying individual (from $12,500 to $25,000