PDFWAC 296-200A-070

When will the department release a security deposit?

(1) The department will release a security deposit two years after the contractor's last registration has expired unless there is an unsatisfied final judgment or on-going claim against the contractor.
(2) The department will release a security deposit in less than two years after the contractor's last registration has expired if the contractor provides a surety bond covering both the previous and current registration periods.
[Statutory Authority: RCW 18.27.040, 18.27.070, 18.27.075, 18.27.125, 2001 c 159, and chapter 18.27 RCW. WSR 03-20-097, § 296-200A-070, filed 9/30/03, effective 11/17/03. Statutory Authority: Chapter 18.27 RCW. WSR 97-24-071, § 296-200A-070, filed 12/2/97, effective 1/5/98.]