California AB521 modifies bond deposit rules for contractors, exempting the Contractors State License Board from liability for legal fees and costs.
California AB521 amends the Business and Professions Code to change how bond deposits for contractors are handled. It sets specific time limits for legal actions against these deposits and prohibits the Contractors State License Board from charging legal fees against them. Additionally, the bill exempts the board from liability for any legal fees or costs in actions against these deposits, regardless of when they were filed with the registrar.
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