N.J. Admin. Code § 13:32A-5.6

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:32A-5.6 - Actions on the surety bond

(a) Any person, partnership, or corporation including any political subdivision of State government who has been injured, aggrieved, or damaged through the failure of a master HVACR contractor to perform the duties required by N.J.S.A. 45:16A-1 et seq. or any rule of the Board shall be eligible to receive the financial protection of, and may maintain an action on, the surety bond.

(b) Any restitution to a person, partnership, corporation, or any political subdivision of State government ordered by the Board shall be eligible for the financial protection of the surety bond.

(c) If a bond is used to respond to a claim pursuant to (a) or (b) above, a master HVACR contractor shall replenish the bond so that its sum is $ 3,000 as required by N.J.S.A. 45:16A-23.

N.J. Admin. Code § 13:32A-5.6