Michigan Mobile Home Dealer Bond |
AmeriPro Surety Bonds | 844-589-9732
Mobile Home Dealers – Michigan
Mobile home dealers in Michigan are licensed and regulated by the state’s Department of Energy, Labor & Economic Growth.
As a prerequisite for licensing, a $10,000 Michigan mobile home dealer bond is required for each location of a dealership operating within the state.
AmeriPro Surety Bonds offers you this surety bond in the amount that you need, both as a new and renewal surety bond.
Michigan Mobile Home Dealer Bond: Its Price, or the Cost to You
As an applicant for the Michigan mobile home dealer bond, you may pay as little as approximately 2% of the amount the surety bond required.
The criteria which will determine the amount of surety bond you will be asked to pay to include the following:
- The dollar amount of the surety bond (increments of $10,000 per location of a mobile home dealership operating in the state, up to a maximum of $100,000, as per Rule 214f );
- Information provided on your surety bond application;
- Your credit score.
You have a real advocate with our surety agency: We will always work to find you the fairest surety bond pricing with a number of our contracted sureties.
Michigan Mobile Home Dealer Bond: Its Duration
Once issued, your mobile home dealer bond is active for one year from the date of issuance.
As a mobile home dealer licensed and in good standing with the Department, a current and active surety bond must always remain on file.
The Purpose of this Surety Bond
The purpose of this mobile home dealer bond is essentially twofold:
The bond serves as a financial guarantee that sales taxes, pursuant to 1933 PA 167 and MCL 205.51 to 205.78 will be paid as owed to the state;
And that use tax deficiencies will also be paid as owed according to statutes 1937 PA 205.91 to 205.94.
While the surety bond guarantees that taxes owed will be paid up to the face amount, as the principal of this surety bond, you ultimately shoulder the responsibility of reimbursing the surety for any claims paid against your bond.
Our agency also provides surety bonds nationwide.
Please call AmeriPro Surety Bonds today at:
Or, you may fill out our contact form to be contacted by a surety bond agent: