CA AB2267

Requires contractors to maintain a $12,500 bond as a condition for obtaining, renewing, or maintaining a license with the Contractors' State License Board

Expands the exception protecting homeowners' claims against contractor bonds to also include certain property owners related to single-family dwellings, allowing them to recover the full bond amount

Limits aggregate liability of surety bonds to $7,500 for general claims, with excess bond proceeds reserved exclusively for homeowner claims under specified conditions

Caps material supplier recovery from contractor bonds at $4,000

Allows the board to require applicants with prior violations or citations for substantial public injury to post double the standard bond amount ($25,000) until license renewal