13 NCAC 18 .0104 SURETY BONDS
If a job listing service ceases business without completing its contracts with applicants or without paying refunds due under its contract with applicants, the North Carolina Department of Labor shall claim against the surety bond required under G.S. 95-47.22(b) on behalf of the affected applicants in order to make them whole under the contract. Refunds shall be in full to the extent the surety bond proceeds allow. Refunds shall be prorated between the applicants if the amount of the surety bond does not allow full refunds.
History Note: Authority G.S. 95-47.9; 95-47.22; 95-47.30;
Eff. January 1, 1996.