Nevada Residential Contractor Consumer Protection Bond
What it is & who requires it
Residential contractors in Nevada who want to take a larger down payment than the statute otherwise allows. By default a contract with the owner of a single-family residence caps the initial down payment at the lesser of a small fixed sum or a small percentage of the contract price; a residential contractor who files a bond with the Board solely for the protection of consumers is not held to that cap. It is elective — a contractor who is content to work within the down-payment limit does not need it.
Obligee: Nevada State Contractors Board (NSCB). Citation: NRS 624.970(2)(g) (bond solely for the protection of consumers; down-payment limit).
Bond amount
Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
How to get it
This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
Request a bond quote
Tell us about the bond and the project. A licensed producer follows up — these bonds are individually underwritten, so they are not issued instantly.
Term & renewal
Term: Continuous while relied upon — the bond is filed with the Board and is what lifts the statutory down-payment limit, so it must stay on file for as long as the contractor takes down payments above that limit.
Renewal: Maintained with the Board for as long as the contractor relies on it.
Filing
Filed with the Nevada State Contractors Board by residential contractors who want to take an initial down payment above the limit Nevada sets for contracts with the owner of a single-family residence. It is an elective bond rather than a condition of licensure: you post it to be released from the down-payment cap, and the statute also lets a long-tenured contractor reach the same result by being relieved of the bond requirement by the Board. Because it is optional and Nevada offers that second route, the bond is listed here and the amount is confirmed when you apply. It exists solely for the protection of consumers. Authority: NRS 624.970.
Source
This bond requirement is corroborated by multiple public sources; Nevada State Contractors Board (NSCB) sets the exact amount, which we confirm when you start your bond.
Related Nevada bonds
Frequently asked questions
- Who requires the Nevada Residential Contractor Consumer Protection Bond?
- It’s required by Nevada State Contractors Board (NSCB) (NRS 624.970(2)(g) (bond solely for the protection of consumers; down-payment limit)). Residential contractors in Nevada who want to take a larger down payment than the statute otherwise allows. By default a contract with the owner of a single-family residence caps the initial down payment at the lesser of a small fixed sum or a small percentage of the contract price; a residential contractor who files a bond with the Board solely for the protection of consumers is not held to that cap. It is elective — a contractor who is content to work within the down-payment limit does not need it.
- How much is the Nevada Residential Contractor Consumer Protection Bond?
- Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
- How do I get the Nevada Residential Contractor Consumer Protection Bond?
- This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
- What is the term?
- Continuous while relied upon — the bond is filed with the Board and is what lifts the statutory down-payment limit, so it must stay on file for as long as the contractor takes down payments above that limit. Renewal: Maintained with the Board for as long as the contractor relies on it.
- Is this bond insurance for me?
- No. It protects the obligee and the public — not you. If a valid claim is paid, you repay the surety.
- How is this requirement verified?
- This bond requirement is corroborated by multiple public sources. The obligee sets the exact amount, which we confirm automatically when you start your bond in the portal or with a producer.
