Applicants for issuance or renewal of license who engage in repair, restoration, improvement or construction of residential pools or spas may be required to file bond for protection of consumers.
1. Before granting an original contractor’s license to, or renewing the contractor’s license of, an applicant who engages or will engage in the repair, restoration, improvement or construction of residential pools or spas, the Board may, in addition to any other conditions for the issuance or renewal of a license, require the applicant to file with the Board a bond for the protection of consumers in an amount fixed by the Board.
2. A bond required pursuant to subsection 1 is in addition to, may not be combined with and does not replace any other bond required pursuant to the provisions of this chapter. A contractor required to file a bond pursuant to subsection 1 shall maintain the bond for 2 years or for such longer period as the Board may require.
3. A bond required pursuant to subsection 1 must be provided by a person whose long-term debt obligations are rated “A” or better by a nationally recognized rating agency.
NRS 624.280
Last modified: February 27, 2006