The North Carolina Contractor Clearance Form is a document used by contractors to apply for financial clearance from the North Carolina Licensing Board for General Contractors. This form must be filled out and signed by the contractor, the contractor's representative, and the contractor's attorney before a contractor can legally operate in the state of North Carolina. The form provides the contractor with a summary of the contractor's financial history and includes a section to list references. There are two types of North Carolina Contractor Clearance forms: the Standard Form and the Modified Form. The Standard Form is used for more complex financial situations while the Modified Form is used for simpler financial situations. The form also includes a section for the contractor to list any outstanding debts they owe to the state. After the form is completed and submitted, the North Carolina Licensing Board for General Contractors will review the application and determine whether the contractor is eligible for financial clearance.