Allows the director of the department of labor and industries to require an applicant applying to renew or reinstate a registration or applying for a new registration to file a bond of up to three times the normally required amount, if the director determines that the applicant or a previous registration of a corporate officer, owner, or partner of a current applicant, has had one, instead of three, final judgment in actions in the past five years involving a residential single-family dwelling.

Requires the department of labor and industries to convene a work group to consider additional safeguards for consumers who engage contractors.