As a prerequisite for licensing by the state of Florida, mobile home manufacturers are required to obtain a $50,000 surety bond.
The bond is required by the Florida Division of Motor Vehicles.
The Department is also the obligee for this surety bond.
As stated on the bond form itself, the purpose of the $50,000 Florida mobile home manufacturer bond is to protect consumers from any financial loss that they suffer due to the failure of a manufacturer to comply with any written contracts.
According to the same form, the bond also protects consumers from violations of Chapter 319 and Chapter 320 of the Florida State Statutes.
Additionally, this surety bond is a financial guarantee which protects consumers from acts of fraud, theft, criminal misrepresentation and other forms of malfeasance committed by a licensed mobile home manufacturer, its officers, agents, managers, or employees during the course of their employment duties.
The licensing and surety bond period alike for a Florida mobile home manufacturer is between October 1st and September 30th.
Regardless of when this surety bond is purchased, its expiration date will be September 30th.
The premium represents the price that you will pay for this surety bond.
The premium amount will be determined by the following factors:
You may ideally pay as little as 1% or $500 for a full year of this performance bond.
Ultimately, the price you will be required to pay may vary greatly or very little.
That contingency is your credit report.
AmeriPro Surety Bonds will work on your behalf to obtain the best surety bond pricing.
We can even take your application right over the phone.
You must complete the following to become a mobile home manufacturer in Florida:
AmeriPro Surety Bonds hopes that this article is of some help in obtaining and understanding the importance of the surety bond you are about to purchase.
We welcome speaking with you and will work to get you bonded quickly.
Please call us at: 844-589-9732
Or, fill out the form below and we'll call you: