From a termite control perspective, this is a big bad no-no. Any large pest control company that offers repair warranty TC services would not contract this home. They would do a termite treatment, but only on a re-treatment warranty.
As a TC professional, I would suggest breaking the wood to ground contact at a minimum of six inches from grade level. Also, see the crack in the foundation above the board in the first pic? That is a highway for sub termites, as well as moisture concerns for the (assuming) basement. Termites will find their way through that crack, eventually.
Also, from a termite treater’s perspective, that crack will cause issues when treating, possibly putting chemical material in non-target areas. (Leaking into the crawl or basement)
Hope this was helpful.