NV SB327

Replaces the requirement that contractor surety bonds be provided by companies with "A" or better credit ratings from nationally recognized rating agencies with a new requirement that bond providers must be listed as certificate holding companies in U.S. Department of Treasury Circular No. 570

Applies to surety bonds required for contractor license applications and renewals (bonds ranging from $1,000 to $500,000)

Applies to consumer protection bonds required for residential pool/spa contractors (bonds ranging from $10,000 to $400,000)

Applies to performance and payment bonds required for certain contractors working on residential pools, spas, or photovoltaic systems (bonds equal to at least 50% of contract amount)

Amends NRS 624.270 and NRS 624.276 to standardize bond provider qualification requirements across multiple contractor bonding provisions