Oregon Statutes 701.150 – Determination of amount to be paid from bond
(1) 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:
Terms Used In Oregon Statutes 701.150
- Board: means the Construction Contractors Board. See Oregon Statutes 701.005
- Commercial contractor: means a licensed contractor that holds an endorsement as a:
(a) Commercial general contractor level 1;
(b) Commercial specialty contractor level 1;
(c) Commercial general contractor level 2;
(d) Commercial specialty contractor level 2; or
(e) Commercial developer. See Oregon Statutes 701.005
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Contractor: means any of the following:
(a) A person that, for compensation or with the intent to sell, arranges or undertakes or offers to undertake or submits a bid to construct, alter, repair, add to, subtract from, improve, inspect, move, wreck or demolish, for another, a building, highway, road, railroad, excavation or other structure, project, development or improvement attached to real estate, or to do any part thereof. See Oregon Statutes 701.005
- Residential contractor: means a licensed contractor that holds an endorsement as a:
(a) Residential general contractor;
(b) Residential specialty contractor;
(c) Residential limited contractor;
(d) Residential developer;
(e) Residential locksmith services contractor;
(f) Residential restoration contractor;
(g) Home inspector services contractor;
(h) Home services contractor; or
(i) Home energy performance score contractor. See Oregon Statutes 701.005
(a) If the complaint was filed under ORS § 701.145, the surety shall pay the amount from a bond required for a residential contractor.
(b) If the complaint was filed under ORS § 701.146, the surety shall pay the amount from a bond required for a commercial contractor.
(2) The surety may not pay on a complaint until the surety receives notice from the board that the complaint is ready for payment.
(3) Notwithstanding ORS § 701.153 and 701.157, a bond is not subject to payment for a complaint that is filed more than 14 months after the earlier of:
(a) 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
(b) The date that the surety canceled the bond. [1971 c.740 § 17; 1973 c.832 § 60; 1981 c.618 § 7; 1983 c.616 § 15; 1987 c.414 § 40c; 1989 c.928 § 18; 1991 c.181 § 11; 1997 c.387 § 7; 1999 c.59 § 208; 1999 c.402 § 32; 2001 c.197 § 16; 2001 c.427 § 1a; 2007 c.793 § 19; 2007 c.836 § 69; 2011 c.630 49,69; 2016 c.99 § 11]