New York Manufactured Homes Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of Manufactured Homes in New York;
Purpose of Your Surety Bond
The New York Department of State, Division of Licensing Services, under the state’s Manufactured Housing Program, requires manufactured housing developers to obtain a $50,000 surety bond as a condition of licensing.
The purpose of your surety bond requirement includes the following:
- That you will comply with all provisions of New York’s Article 21-B, as amended; and also Part 1210;
- that you will pay all civil penalties and fines which result from any violation of any laws connected with your manufactured homes;
- that you will pay all judgments in connection with violations of the above article and Part 1210.
Qualifying and the Premium
You are automatically approved for the $50,000 New York manufactured homes bond. There is no credit qualification nor underwriting prerequisites, and the premium is 3%, $1500 annually.
When you call us, we’ll take the application from you over the phone.
The questions we’ll ask are Basic: The name of your business, its address, phone number, and email. Also we’ll ask you the County that you live in, the type of business structure (LLC, corporation, etc.) and other easily known information.
After payment of the $1500 premium, our agency will issue immediately issue your manufactured home bond.
We will send you your surety bond, a Power of Attorney form, and a notarization by us as Surety.
Upon receipt, you’ll have your bond notarized as an Individual or a Corporation, as applicable.
Thereafter, you’ll file all completed documents received from us to:
New York Housing Association, Inc.
634 Watervliet Shaker Road
Latham, NY 12110
Premium Prepayment Options
At $1500 premium, your New York manufactured home bond will renew on the anniversary of its issuance.
Our agency also offers you the option to prepay your premium up 3 years. Choosing this option saves you over annual renewals, besides lengthening the time between renewals.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $2700, a $300 savings;
- If prepaid for 3 years, the premium is $3900, a $600 savings.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in the Empire State and all 50 states. We also provide surety bonds in Washington D.C.
Please call us today at:
Or, you may fill out tour Contact Form and a Surety Agent will call you.