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Florida Administrative Code (Last Updated: November 11, 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 94as follows:
96(a) Failure to provide 100proof of a credit score, FICO derived, of 660 or higher.
111(b) 112Applicants 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.
145(3) 146An applicant may meet both the financial responsibility and financial stability requirements by providing 160proof of 162a current consumer credit report, as defined in Rule 17161G4-12.011, 172F.A.C, 173with a 175credit 176score, 177FICO 178derived, of 660 or higher, 183which 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.
230Rulemaking Authority 232489.115(5) FS. 234Law Implemented 236489.115(5), 237(7) FS. History–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, 5-5-24.
