Individuals or businesses operating as subagents under a licensed manufactured home dealer in Minnesota must obtain this bond. Subagencies are branches or secondary operations that operate under the authority and license of a primary manufactured home dealer and facilitate the sale and distribution of manufactured homes.
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 Minnesota Dept of Labor and IndustryBond classLicense BondCategoryOtherBondManufactured Home Dealer SubagencyPlain descriptionManufactured Housing Dealer - Warranty CoverageWho needs this bondIndividuals or businesses operating as subagents under a licensed manufactured home dealer in Minnesota must obtain this bond. Subagencies are branches or secondary operations that operate under the authority and licens…
