A Mobile Home Dealer Bond is a commercial license surety bond. The bond is a class of auto dealer surety bond. Mobile home dealer bonds are sometimes required of businesses or individuals who sell mobile, manufactured homes. The bonds are sometimes required of manufacturers and parts dealers as well. State statutes regarding surety bond requirements vary state to state. When the bond is required, it is typically used as a form of guarantee that the licensee will operate in accordance with state laws and regulations. If the licensee is found to be in violation of these laws, a claim can be made on the bond up to the penalty amount.
The penalty amount of the bond will vary state to state as well. The bond penalty, or bond amount, is the amount the Surety would have to pay if the licensee is found to be in violation of applicable laws and has not paid the required fees for the violations. The bond amount can vary based on the specific type of mobile home dealer bond as well, whether an actual dealer bond or some other parts of the chain, for example the final stage manufacturer. The state government agency administering the licensing process will typically let the licensee know what the actual bond requirement is.
Mobile, Manufactured Home Dealer Bonds are typically easy to process. In most cases, minimal paperwork and documentation is required. Quotes for these bonds are usually obtained the same day or within 24 hours.
Viking can get you from bond application to bond in hand quick and easy. We work with both good and bad credit clients. Get started here.