OAR 812-003-0180
Effective and Cancellation Dates of the Bond, Letter of Credit or Cash Deposit

(1)

The surety bond, letter of credit or cash deposits effective date is the date on which the licensee has first met all requirements for licensing, renewal or reissue as determined by the agency.

(2)

The bond shall remain in effect and be continuous until cancelled by the surety or until the licensee no longer meets the requirements for licensing as determined by the agency, whichever comes first.

(3)

A surety bond may be cancelled by the surety only after the surety has given 30 days’ notice to the agency. Cancellation will be effective no less than 30 days after receipt of the cancellation notice.

(4)

The letter of credit or cash deposit shall remain in effect and be continuous until released by the agency.

(5)

Immediately upon cancellation of the bond, or cancellation without an authorized release by the agency of a letter of credit or cash deposit the agency may send an emergency suspension notice to the contractor as provided for in ORS 701.098 (Grounds for discipline)(4)(a)(A), informing the contractor that the license has been suspended.

(6)

The bond, letter of credit or cash deposit shall be subject to final orders or arbitration awards as described in OAR 812-004-0600 or determinations as described in OAR 812-004-1600 (Payment From Surety Bond, Letter of Credit or Cash Deposit).

(7)

The surety or financial institution will be responsible for ascertaining the bond, letter of credit or cash deposit’s effective date.

Source: Rule 812-003-0180 — Effective and Cancellation Dates of the Bond, Letter of Credit or Cash Deposit, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=812-003-0180.

812‑003‑0100
Licensing Generally 812‑003‑0110
Standards of Behavior 812‑003‑0120
License Required to Advertise 812‑003‑0131
License Endorsements 812‑003‑0142
License Application Fees 812‑003‑0152
Residential Bonds Generally 812‑003‑0153
Commercial Bonds Generally 812‑003‑0154
Construction Flagger Bonds 812‑003‑0155
Letters of Credit or Cash Deposits, Generally 812‑003‑0160
Entity Name Required on Bond, Letter of Credit or Cash Deposit 812‑003‑0171
Bond, Letter of Credit or Cash Deposit 812‑003‑0175
Increased Bond, Letter of Credit or Cash Deposit Requirement, Past Unresolved Activity 812‑003‑0180
Effective and Cancellation Dates of the Bond, Letter of Credit or Cash Deposit 812‑003‑0190
New Bond, Letter of Credit or Cash Deposit Required for Change in Entity 812‑003‑0200
Insurance Generally 812‑003‑0210
Entity Name Required on Insurance Certification 812‑003‑0221
Insurance Amounts 812‑003‑0230
Effective and Cancellation Dates of the Insurance 812‑003‑0240
Independent Contractor 812‑003‑0250
Exempt and Nonexempt Class of Independent Contractor Licenses 812‑003‑0260
Application for New License 812‑003‑0265
Temporary Authorization for Military Spouse - Contractor 812‑003‑0270
Effective Dates of New License 812‑003‑0280
Renewal and Reissue of License 812‑003‑0290
License Renewal, Reissue, New Issue 812‑003‑0300
Consequence of Lapse in License 812‑003‑0310
License Cards 812‑003‑0320
Record Changes 812‑003‑0321
Notification of Change of Independent Contractor Status 812‑003‑0325
Change of Corporate Officer, LLC Manager, LLC Member, Trustee 812‑003‑0330
Inactive Status Generally 812‑003‑0340
Inactive Status Request at Renewal 812‑003‑0350
Inactive Status Request at Interim Renewal Period 812‑003‑0360
Inactive Status Request after Lapse 812‑003‑0370
Renewal of Inactive Status 812‑003‑0380
Converting From Inactive Back to Active Status 812‑003‑0390
Revocation or Suspension of License 812‑003‑0400
Restoration of Bond, Letter of Credit or Cash Deposit after Payment on Complaint 812‑003‑0410
Social Security Number 812‑003‑0420
Davis Bacon Act 812‑003‑0430
Time Period for Perfecting a Lien or Complaint 812‑003‑0440
Notification of Conviction of a Crime
Last Updated

Jun. 8, 2021

Rule 812-003-0180’s source at or​.us