Florida Mobile Home Dealer Bond |
AmeriPro Surety Bonds | 844-589-9732
Mobile Home Dealers
Mobile home dealers in Florida are regulated by the Florida Division of Motor Vehicles.
By both the Division and §320.77 of the state’s statutes, mobile home dealers are required to obtain a surety bond.
Both the new and renewal Florida mobile home dealer bond are available through AmeriPro Surety Bonds.
Florida Mobile Home Dealer Bond: Amount
To be licensed as Florida mobile home dealer, a surety bond in one of two amounts is required:
- Mobile home dealers with more than 4 locations are required to obtain and file a $50,000 surety bond with the Division;
- Mobile home dealers with 4 or less locations are required to obtain a $25,000 surety bond.
Florida Mobile Home Dealer Bond: Purpose
The purpose of this surety bond is to serve as a financial guarantee that a mobile home dealer will abide by all rules and regulations involved in the operation of a mobile home business.
More specifically, the bond, required by the Division, which is the bond’s obligee, protects others from fraud, theft, or other acts of malfeasance committed by a mobile dealer, its employees, managers, or owners, in connection with mobile home operations and transactions.
The surety bond may be accurately seen as a form of insurance that a mobile home dealer is required to protect the interest of others, not the mobile home dealership.
Florida Mobile Home Dealer Bond: Duration
By statute, a Florida mobile home dealer may not have any lapse in bond coverage.
The licensing year for Florida mobile home dealers is between October 1st and September 30th.
The bond is purchased for a time that renews between these dates, and person who purchase the bond for dates after October 1st, may pay a prorated amount.
The bond, in any case, will run until September 30th of the following year.
Florida Mobile Home Dealer Bond: Premium
The price you will pay for this surety bond will be determined by several factors:
- nThe amount of surety bond that you are required to purchase (i.e. $25,000 or $50,000);
- At what time you the purchase the bond;
- Your credit score.
Applicants with satisfactory credit may pay as little as 1%, or $250 for the $25,000 surety bond, or $500 for the $50,000 surety bond.
The amount you will pay, however, will be determined by your credit score.
The bond’s premium price will be almost entirely determined by the applicant’s credit.
AmeriPro Surety Bonds will work on your behalf regardless of your credit standing to find the best surety bond pricing.
About AmeriPro Surety Bonds
AmeriPro Surety Bonds is a surety bond-only company which provides license and permit, contractor, court, and fiduciary surety bonds throughout the great state of Florida.
We also provide surety bonds nationwide.