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Florida Administrative Code (Last Updated: March 13, 2024) |
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61. Department of Business and Professional Regulation |
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61G4. Construction Industry Licensing Board |
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61G4-15. Certification And Registration |
1(1) The financial responsibility ground on which the Board shall refuse to qualify an applicant is failure to provide a current consumer credit report, as defined in rule 2961G4-12.011, 30F.A.C., which consumer credit report does not disclose any unsatisfied judgments or liens against the applicant. In addition, there must not be any unsatisfied judgments or liens against the business entity which the applicant previously qualified as a primary qualifier or which the applicant has applied to qualify.
78(2) The financial stability ground on which the Board shall refuse to qualify an applicant 93is 94failure to provide 97proof of a credit score, FICO derived, of 660 or higher. 108Applicants who are unable to provide a credit score, FICO derived, of 660 or higher, shall meet the financial stability requirement by completion of a 14-hour financial responsibility course approved by the Board.
141(3) 142An applicant may meet both the financial responsibility and financial stability requirements by providing 156proof of 158a current consumer credit report, as defined in rule 16761G4-12.011, 168F.A.C, 169with a 171credit 172score, 173FICO 174derived, of 660 or higher, 179which consumer credit report does not disclose any unsatisfied judgments or liens against the applicant. In addition, there must not be any unsatisfied judgments or liens against the business entity which the applicant previously qualified as a primary qualifier or which the applicant has applied to qualify.
226Rulemaking Authority 228489.115(5) FS. 230Law Implemented 232489.115(5) FS. 234History–New 1-6-80, Amended 5-4-80, Formerly 21E-15.06, 21E-15.006, Amended 10-31-96, 11-13-97, 2-12-08, 4-13-22.
