What is the purpose of a Michigan Motor Fuel, Motor Carrier, Tobacco Bond?
The Michigan Motor Fuel, Motor Carrier, Tobacco Products Bond, is a requirement for those who are applying to the Department of Treasury for the State of Michigan for a license to engage in any one of the following businesses/profession below. Take note that there is no set bond amount and it may differ depending on the review done by the department.
- A licensee of motor fuel
- Liquid Petroleum Gas Dealer
- IFTA License
- Eligible Purchaser
- Wholesaler or Unclassified Acquirer of Tobacco Products
The bond ensures that the bondholder will comply with all the laws pertaining to the distribution of motor fuels, sale of tobacco products, or licensing of motor carriers, promptly file true reports on forms provided by the Michigan Department of Treasury, and pay all taxes and penalties provided for or required by the law at that time.
How can I get a Michigan Motor Fuel, Motor Carrier, Tobacco Products Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.