Manufactured Home Retail Dealer - New or New and Used
Overview
What it is.
Manufactured Home Retail Dealer - New or New and Used
Who usually needs it
Dealers in manufactured homes (both new and used), manufacturers of manufactured homes, and installers of manufactured homes in Minnesota must obtain surety bonds as a condition of licensure. The bond amount is $20,000 for standard dealer and manufacturer licenses (required for each agency and subagency location) and $5,000 for limited dealer licenses.
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 de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMNBond amount$20,000ObligeeState of MinnesotaBond classLicense BondCategoryOtherBondManufactured Home DealerPlain descriptionManufactured Home Retail Dealer - New or New and UsedWho needs this bondDealers in manufactured homes (both new and used), manufacturers of manufactured homes, and installers of manufactured homes in Minnesota must obtain surety bonds as a condition of licensure. The bond amount is $20,000 …
