Manufacturers of manufactured homes in Oklahoma are regulated by the state’s Used Motor Vehicle and Parts Commission.
The state requires such businesses to obtain a $30,000 surety bond. The bond, regardless of when issued, will expire bi-annually on December 31st of each odd numbered year.
Qualifying for the $30,000 Oklahoma manufactured home manufacturer bond is by completion of a standard surety bond application, and a credit score review by an underwriter. If the bond is purchased for a full term, a qualified applicant will expect to pay about 2%. Our agency will only be able to get applicants who have good credit qualified for this bond.
Once the bond has been approved and the premium paid, our agency will have the bond sent to you by mail by the following business day at the latest. When you receive the bond, you will need to sign it as principal.
A copy of a completed surety bond can also be emailed to you; however, it is the original surety bond which you should file with the Commission.
Because the bond has an expiry date, bi-annually, on December 31st of the odd calendar year, there’s a chance that you may be purchasing this bond within that time period.
Premiums for this manufactured home surety bond are prorated, if applicable, to reflect the time in which the bond is initially purchased. What this means is that the premium may be less than what you would pay for a full term.
The manufactured home manufacturer’s surety bond is a financial guarantee that you will be in compliance with relevant sections of the Oklahoma Used Motor Vehicle and Parts Laws. The bond also protects consumers from acts of fraud, misrepresentation and other acts of malfeasance on the part of a licensed manufacturer.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds throughout Oklahoma. Our agency also provides surety bonds nationwide.
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