§ 858.9. Posting of Blanket Performance and Payment Bond Information to License Records.
16 CA ADC § 858.9Barclays Official California Code of Regulations
16 CCR § 858.9
§ 858.9. Posting of Blanket Performance and Payment Bond Information to License Records.
(b) Whenever a licensee is notified of a decision to rescind the approval of the licensee's blanket bond, the Registrar shall post a notice on the public license record indicating that the rescission is pending. The notice shall be posted to the license record no earlier than 5 calendar days and no later than 10 calendar days after the date that written notification of the rescission is sent to the licensee. If the rescission is appealed timely by the licensee, the Registrar shall also post a notice that an appeal has been filed and indicate that the decision to rescind the approval of the blanket bond is delayed pending the outcome of the licensee's appeal.
(c) Upon rescission of approval of a blanket bond or its cancellation, the statement specified in paragraph (1) of subsection (a) shall be changed to indicate the disposition of the blanket bond and the effective date thereof. The information in paragraphs (2), (3), (4), and (5) of subsection (a) shall remain on the license record for not less than five years after the date the blanket bond was rescinded or cancelled.
Credits
Note: Authority cited: Section 7008, Business and Professions Code. Reference: Section 7159.5, Business and Professions Code.
History
1. New section filed 11-22-2011; operative 12-22-2011 (Register 2011, No. 47).
This database is current through 11/24/23 Register 2023, No. 47.
Cal. Admin. Code tit. 16, § 858.9, 16 CA ADC § 858.9
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