ORS 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:(a)
If the complaint was filed under ORS 701.145 (Resolution of complaints involving work on residential structures or certain small commercial structures), the surety shall pay the amount from a bond required for a residential contractor.(b)
If the complaint was filed under ORS 701.146 (Resolution of complaints involving work on large commercial structures or certain small commercial structures), 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 (Recording of order as lien) and 701.157 (Satisfaction of order against commercial contractor), 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]
Source:
Section 701.150 — Determination of amount to be paid from bond, https://www.oregonlegislature.gov/bills_laws/ors/ors701.html.
Law Review Citations
39 WLR 779 (2003)
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