4.3.4.1.1 Commercial License Bonds
| Jurisdiction | Arizona |
A commercial license bond is subject to claims by the Registrar of Contractors. If the licensed contractor fails to pay any amounts required to the Registrar under the contractor’s license statutes, the Registrar may recover the amount due under the commercial license bond.[15]
The bonds required of commercial general and specialty contractors are also subject to claims by other licensed contractors or the lessees, owners or co-owners of nonresidential real property who have:
A direct contract with the licensee against whose bond or deposit the claim is made and who is damaged by the failure of the licensee to build or...
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