21 NCAC 12a .0504         INCREASE IN LIMITATION

(a)  General. A person, firm, or corporation holding a valid license to engage in the practice of general contracting in North Carolina may apply for a different limitation by making application for such different limitation with the Board. The application shall contain the following:

(1)           the Social Security Number of individual applicant, qualifier(s), and tax identification number for corporations, LLCs, or partnerships;

(2)           the applicant's contact information;

(3)           the exact name of the business as reflected on the previously issued license that is subject to the limitation increase application;

(4)           information regarding any changes made in the status of the licensee's business since the initial application or last renewal was submitted to the Board, whichever is later;

(5)           confirmation of license limitation and classifications;

(6)           requested limitation;

(7)           an audited financial statement prepared in accordance with Rule .0204 of this Chapter;

(8)           if applicable, proof that the surety bond is maintained in compliance with Rule .0204 of this Chapter; and

(9)           the application fee as set forth in Rule .0304 of this Chapter.

(b)  Eligibility. An applicant shall be eligible for a new limitation if he or she possesses the qualifications necessary in accordance with Rule .0204 of this Chapter, except that he or she shall not be required to take a written exam.

History Note:        Authority G.S. 87‑1; 87-4; 87‑10;

Eff. February 1, 1976;

Amended Eff. June 23, 1977;

Readopted Eff. September 26, 1977;

Amended Eff. May 1, 1989; January 1, 1983;

Temporary Amendment Eff. June 28, 1989, for a period of 155 days to expire on December 1, 1989;

Amended Eff. August 1, 2000; December 1, 1989;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. July 23, 2016;

Amended Eff. April 1, 2018;

Recodified from 21 NCAC 12 .0504 Eff. January 2, 2020.