Michigan Manufactured Home Dealer | $10,000 Manufactured Home Dealer Surety Bond
Also known as: manufactured home dealer bond
Type of Bond
A Michigan manufactured home dealer bond, also known as a mobile home dealer bond, is a type of surety bond required for individuals or businesses engaged in the sale, distribution, or retailing of manufactured homes in the state of Michigan. It serves as a financial guarantee that the dealer will comply with state laws, regulations, and ethical standards related to the sale of manufactured homes. The purpose of the Michigan manufactured home dealer bond is to protect consumers and the state from potential financial losses resulting from fraudulent or deceptive practices by dealers. The bond helps ensure that the dealer operates in accordance with the Michigan Manufactured Housing Act, fulfills contractual obligations, and acts with honesty and integrity. The bond is a contractual agreement among three parties: the manufactured home dealer (the principal), the Michigan Department of Licensing and Regulatory Affairs (LARA) or other relevant government agency (the obligee), and the surety bond provider (the surety). If the dealer fails to meet their obligations or violates any laws or regulations, a claim can be filed against the bond. The surety bond provider will investigate the claim, and if it is determined to be valid, the surety will compensate the affected parties up to the bond's specified amount. In Michigan, the specific bond requirements for manufactured home dealers are outlined in the Michigan Manufactured Housing Act. The bond amount is typically determined by LARA based on factors such as the dealer's annual sales volume or financial responsibility. To obtain a Michigan manufactured home dealer bond, the dealer will typically work with a surety bond provider. The bond application process includes a financial review and underwriting assessment. Dealers are required to renew the bond annually to maintain their licensing status. Understanding and complying with the specific bond requirements and regulations set forth by the Michigan Manufactured Housing Act is crucial for manufactured home dealers in Michigan. Working with legal and financial professionals can help ensure compliance and provide guidance on obtaining the necessary bond coverage.
Program
The price you'll pay for your $10,000 Manufactured Home Dealer Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $10,000 Manufactured Home Dealer Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $10,000 Manufactured Home Dealer Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Manufactured Home Dealer Bond Application process.
The Michigan Manufactured Home Dealer Bond amount is currently set at $10,000.
Obligee Information
An obligee is the entity that is requiring you to have the Manufactured Home Dealer bond.
For your convenience you can view a sample copy of the Michigan Manufactured Home Dealer Bond Form.
Obligee: Michigan Department Of State
Street: 7064 Crowner Drive
State: Michigan
Zip: 48909
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!