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Illinois Manufactured Home Dealer Bond

The Illinois Manufactured Home Dealer Bond is a $150,000 surety bond required by the Secretary of State to obtain a manufactured home dealer license. It protects customers from dishonest or unethical dealer practices, ensuring that claims arising from dealer misconduct can be paid up to the full bond amount. The bond …

Bond amount$150,000
State or jurisdictionIllinois
ObligeeIllinois Secretary of State - Vehicle Services Department Dealer Licensing Section

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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Overview

What it is.

The Illinois Manufactured Home Dealer Bond is a $150,000 surety bond required by the Secretary of State to obtain a manufactured home dealer license. It protects customers from dishonest or unethical dealer practices, ensuring that claims arising from dealer misconduct can be paid up to the full bond amount. The bond …

Who usually needs it

Individuals or businesses who sell, exchange, display, or deal in manufactured homes in Illinois. This bond is required for all manufactured home dealers for the first 10 years of operation (dealers with over 10 years in business may substitute with a certificate of insurance).

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Frequently asked

Common questions.

What is the bond amount for an Illinois Manufactured Home Dealer Bond?

The Illinois Manufactured Home Dealer Bond requires a $150,000 surety bond (or an equivalent certificate of deposit). This bond is mandatory for the first 10 years of operating as a manufactured home dealer in Illinois. After 10 years in business, dealers may substitute the bond with a certificate of insurance.

When does the Illinois Manufactured Home Dealer Bond expire?

The Illinois Manufactured Home Dealer Bond expires on December 31 of each year and must be renewed annually to maintain your dealer license. The licensing fee is $1,000 if you apply before June 15, or $500 if you apply after June 15. Make sure to renew your bond before it expires to avoid any lapses in your license status.

Who needs an Illinois Manufactured Home Dealer Bond?

Anyone who sells, exchanges, displays, or deals in manufactured homes in Illinois must obtain this bond to receive a Manufactured Home Dealer License from the Illinois Secretary of State. The bond is required for dealers operating for the first 10 years. Note: If you sell 2 or fewer manufactured homes in a 12-month period, you are not required to obtain a dealer license or bond.

Next step

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