What is the minimum amount owed to a supplier that could lead to suspension of a license?

Prepare for the Arizona Registrar of Contractors Exam. Use flashcards and multiple choice questions with hints and explanations. Ace your test with confidence!

The correct amount that could lead to the suspension of a contractor's license for unpaid supplier debts is $750. In Arizona, the Registrar of Contractors sets specific thresholds that determine when a contractor can face disciplinary actions, including suspension of their license, due to outstanding debts. When a contractor owes a supplier $750 or more and fails to resolve the matter, it can be grounds for the Registrar to take action.

This strict enforcement helps ensure that contractors maintain good standing with their suppliers and encourages responsible financial management within the construction industry. By maintaining this threshold, the Arizona regulatory framework aims to protect not only the suppliers but also the integrity of the contracting profession as a whole.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy