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Financially responsible officer bond

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The document is an application form from the Florida Department of Business and Professional Regulation for individuals seeking to become a Financially Responsible Officer in the construction industry. It outlines the application process, requirements, and necessary documentation, including fees, credit reports, bonds or letters of credit, and background checks. The form includes sections for personal information, business details, and affirmations regarding the applicant's legal standing.

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What is the cilb in Florida?

The CILB is responsible for approving all applications for certification examination, requests for change of status, and may take disciplinary action against a county certified contractor for violations of contractor certification laws.

What is the financially responsible officer law in Florida?

Florida requires FROs to purchase the Financially Responsible Officer Bond as part of the application process for the Construction Contractor License. The bond ensures that the public will receive compensation for financial harm if the construction company fails to comply with the licensing regulations.

What is a construction financial officer in Florida?

An FRO is an individual designated by a construction business to oversee and be accountable for all financial aspects and transactions of the company, ensuring financial stability and compliance with state regulations.

What is a construction financial officer license in Florida?

A Financially Responsible Officer is an owner of a construction company who is responsible for the finances of the company. Oftentimes, a Florida construction licensee is not an owner of the company they are qualifying and therefore, should not assume financial responsibility for the company.

What is a CGC license in Florida?

Types of general contractor license in Florida License TypesDescription Certified General Contractor (Business) License holders may operate a general contracting business that works on both commercial and residential projects of any size.3 more rows Aug 10, 2023

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How long does it take the Florida DBPR to approve an application?

The Approval Process Timeline When applying for approval to take the Florida state exam, you can typically expect to receive a response within 2 to 4 weeks. The Florida Department of Business and Professional Regulation (DBPR) reserves a maximum of 90 days for processing applications.

What is a fro license?

In construction, a financially responsible officer (FRO) is either the owner of the construction company or an officer of the business designated to manage company finances. In some states, the FRO is required to be licensed by a state regulatory agency.

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