A North Carolina Manufactured Housing Dealer Bond is a type of surety bond required by North Carolina Department of Insurance (NCDOI). Specifically, it’s the Manufactured Building Division within the NCDOI for businesses involved in the sale of manufactured homes. Bond amount is $35,000 for the initial location and $25,000 for additional locations. The cost of the surety bond is usually between 1% and 3% of the bond amount.
How to Get a North Carolina Manufactured Housing Dealer Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the North Carolina Manufactured Housing Dealer Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.
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Who Needs this Surety Bond?
Any person engaged in the business of buying or selling manufactured homes or offering or displaying manufactured homes for sale in North Carolina. Any person who buys or sells three or more manufactured homes in any 12-month period, or who offers or displays for sale three or more manufactured homes in any 12-month period shall be presumed to be a manufactured home dealer. The terms “selling” and “sale” include lease-purchase transactions. The term “manufactured home dealer” does not include banks and finance companies that acquire manufactured homes as an incident to their regular business. Must be licensed and provide a North Carolina Manufactured Housing Dealer Bond.
In North Carolina, the definition of a manufactured home is:
A structure, transportable in one or more sections, which, in the traveling mode, is eight feet or more in width or is 40 feet or more in length, or when erected on site, is 320 or more square feet, and which is built on a permanent chassis and designed to be used as a dwelling with or without a permanent foundation when connected to the required utilities, and includes the plumbing, heating, air conditioning and electrical systems contained therein.
How to Get Your North Carolina Manufactured Housing Dealers Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.