Handling Utah DMV bond claims as a surety requires a strategic approach to evaluating liability, managing risk, and ensuring compliance with state regulations. Sureties must carefully assess the validity of … Continue reading “Six Thoughts on Evaluating Utah DMV Dealer Bond Claims”

Section 58-55-604 of the Utah Code states that a contractor may not seek “collection of compensation” in court for any work that requires a license if, at the time the … Continue reading “When Is Failure to Be Properly Licensed a Bar to a Contractor’s Claim in Utah?”

By Willi Siepmann & Kurt Faux Contractor’s license bonds are required by statute in Nevada (NRS 624.270), and claims against the bond are also governed by statute (NRS 624.274). Therefore … Continue reading “The ABC’s of Evaluating Contractor’s License Bond Claims in Nevada – Updated 2024”

To ensure that subcontractors, suppliers and laborers are paid on federal works projects of more than $100,000.00, the federal government requires that the prime contractor post a payment bond pursuant … Continue reading “Know Your Rights to Payment on a Federal Works Project”

By Kurt Faux & Willi Siepmann Contractor licensing in Nevada is controlled by the provisions of Nevada Revised Statute (NRS) 624. It provides for general licenses and specialty licenses, and in many instances, … Continue reading “A Primer on Handling Nevada Contractor License Bond Claims”

We have written a book on all aspects of Nevada surety law entitled: “Nevada Surety Law.” This book discusses surety bond statutes, case law and legal issues specific to Nevada … Continue reading “Nevada Surety Law Book”

The Nevada Legislature modified bonding requirements in Assembly Bill No. 39 (AB 39) concerning construction, remodeling, repair, or improvements to existing, completed single-family residences that are occupied by their owners.  … Continue reading “Assembly Bill No. 39: Key Highlights for Sureties in Nevada”

NV Supreme Court decides case on positive employee drug tests by Jordan Faux The Nevada Supreme Court held last year that an employer is not required to accommodate an employee’s use … Continue reading ““Cannabis-ness” fire an employee for smoking weed?”

by Kurt Faux & Willi Siepmann In most cases, the maximum exposure of the Surety is the penal sum of the bond. However, there are exceptions when the surety litigates … Continue reading “License Bond Penal Sum Issues in Nevada”

For most contractors in Nevada, the Nevada State Contractors Board (“NSCB”) requires the contractor to obtain a license bond or to post a cash bond in order to get a contractor’s license. These bonds vary in amounts between $5,000 and $50,000, with those amounts, which are also known as ‘penal sums’ set by the NSCB depending on the license history of the contractor and the license amount. This article will address the following questions: