CA SB1465

Requires contractors to report to the Contractors' State License Board registrar within 90 days of knowledge of any civil action final judgment, settlement agreement, or arbitration award of $1,000,000 or greater involving alleged defects in multifamily rental residential structures, filed on or after January 1, 2019.

Reportable civil actions must allege fraud, negligence, breach of contract, misrepresentation, or similar violations by the contractor and must involve claims of damages creating substantial risk of failure in load-bearing portions of the structure.

Requires insurers providing commercial general liability, construction defect, or professional liability insurance to report insurer payments on qualifying judgments or settlements to the registrar within 30 days.

Allows the registrar to return reports and take no further action if the facts do not substantiate a violation, if public interest is sufficiently served by the existing resolution, or if disciplinary action is unnecessary; returned reports are deemed complaints resolved in favor of the licensee.

Permits contractors and insurers to report to the registrar without violating confidential settlement agreements, and excludes residential construction subject to California Civil Code Title 7 from reporting requirements.