§ 2-225 Notice of Bond Requirement.
RCNY § 2-225
Each home improvement contractor shall furnish a $20,000 bond to the Department of Consumer Affairs conditioned upon: (a) compliance with all laws, rules and regulations covering the conduct of home improvement contractors; (b) payment to the City of New York of any fine, penalty or other obligation imposed by the Department of Consumer Affairs for non-compliance with any law(s), rule(s) or regulation(s) within 30 days of its imposition; and (c) payment of any final judgment against the home improvement contractor pursuant to the requirements of 6 RCNY § 1-15. The bond shall be either a cash bond or a bond executed by a duly authorized surety company in a form acceptable to the Commissioner.
