What must a contractor do regarding any changes related to their license?

Notifying the board within 15 days of any changes related to a contractor's license is crucial for compliance with Arkansas regulations governing contractors. This requirement ensures that the contractor maintains transparency and allows the regulatory board to keep accurate and updated records. Prompt notification helps the board manage licenses effectively, ensuring that contractors are operating within the legal framework and that any changes to a contractor's business structure, ownership, or contact details are made known in a timely manner. This is important not only for the contractor's accountability but also for consumer protection and industry standards.

Submitting an informal report does not satisfy the regulatory requirements, as the law specifies a formal notification procedure with a set timeline. Simply updating contact information is not enough if the changes pertain to other significant aspects of the license. Additionally, waiting for the board to inquire about any changes is impractical and may lead to non-compliance issues, which could result in penalties or disciplinary actions against the contractor. Thus, timely notification ensures that all parties are informed and helps maintain the integrity of the licensing process.