This bond is required for anyone who transports scrap tires for a living in Michigan. The state requires this $10,000 bond to protect the public and ensure haulers follow proper disposal rules. If a hauler illegally dumps tires or violates environmental regulations, the bond provides money to cover cleanup costs and p…
Overview
What it is.
This bond is required for anyone who transports scrap tires for a living in Michigan. The state requires this $10,000 bond to protect the public and ensure haulers follow proper disposal rules. If a hauler illegally dumps tires or violates environmental regulations, the bond provides money to cover cleanup costs and p…
Who usually needs it
Individuals or businesses engaged in transporting scrap tires within Michigan must obtain this bond. This includes registered scrap tire haulers such as independent haulers, waste management companies, and entities collecting or moving scrap tires from sources like tire shops or municipalities to recycling or disposal sites.
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.
StateMIBond amount$10,000ObligeeState of MichiganBond classLicense BondCategoryEnvironmentalBondMichigan Registered Scrap Tire Hauler BondJurisdictionStatePlain descriptionThis bond is required for anyone who transports scrap tires for a living in Michigan. The state requires this $10,000 bond to protect the public and ensure haulers follow proper disposal rules. If a hauler illegally dum…Who needs this bondIndividuals or businesses engaged in transporting scrap tires within Michigan must obtain this bond. This includes registered scrap tire haulers such as independent haulers, waste management companies, and entities coll…
