Minnesota Statute 326B.164, subd. 7 requires each licensed elevator contractor to maintain a $25,000 surety bond as a condition of licensure as a contractor. Each contractor’s bond is submitted to DLI along with the contractor’s license application at each license renewal. The bond is conditioned upon the faithful and lawful performance of all work entered upon by the contractor within the state of Minnesota and is for the benefit of persons injured or suffering financial loss by reason of failure of such performance.
The information relating to a particular contractor’s bond is public and can be obtained by contacting CCLD’s Licensing and Certification Services Unit at (651) 284-5034 or by sending an e-mail to DLI.email@example.com. The status of a contractor's license can be checked online at DLI's License Lookup.