New York Manufactured Home Retailer Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of Manufactured Home Retailers
The New York Department of State, Division of Code Enforcement and Administration, Manufactured Housing Unit, requires retailers of manufactured homes to obtain a $25,000 surety bond as a prerequisite to licensing.
Other manufactured home personnel are also required to obtain a surety bond according to their particular profession: Manufacturers, $50,000 surety bond; installers, $10,000 surety bond; and mechanics, a $5000 surety bond.
For persons who conduct manufactured housing business in New York state across more than one category, you are required to purchase the greater surety bond amount.
Qualifying and the Premium
You and/or your manufactured home business are automatically approved for the $25,000 New York manufactured home retailer bond.
Our agency offers this bond without an underwriter review or a credit check, for $750 annually.
Obtaining your bond is easy. When you call us, we’ll ask you the basics: the name, as it should appear on your surety bond, along with your business address if a corporation; or your personal address if a sole proprietor.
After payment of the premium, our agency issues your bond to you immediately for filing. Your surety bond, which will be notarized by us as Surety will be sent to you along with a Power of Attorney form.
Upon receipt, you’ll have your bond notarized as Principal (one section for corporations; another for individuals), and file all original documents to:
New York Housing Association, Inc.
634 Watervliet Shaker Road
Latham, NY 12110
Premium Prepayment Options
At $750 annual premium, your manufactured home retailer bond is issued for an annual term. Your bond may be prepaid for a period up to 3 years, offering you a savings at the same time.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $1350, a $150 savings;
- If prepaid for 3 years, the premium is $1950, a $300 savings.
Purpose of Your Surety Bond
Your surety bond is a financial guarantee of your compliance with Article 21-B, as amended.
The bond furthermore guarantees your payment of civil penalties against you or any employees or agents of yours; and that you will pay any judgments rendered against you in connection with your profession.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in New York, all 50 states; and Washington D.C.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…