Manufactured Housing Installer Bond
What Is a Manufactured Housing Broker or Retailer Bond?
The Texas Department of Housing and Community Affairs (TDHCA) regulates the manufactured housing profession in the state.
TDHCA requires all manufactured housing brokers and retailers to receive sufficient bonding. Obtaining a license to sell manufactured homes or participate in the market as a broker between buyers and sellers remains contingent on this bond.
Bonds also help protect your clients and can act as a powerful marketing boost, given the dependability they signal to your clients.
Purchasing Your Manufactured Housing Installer Bond
1. Click the Buy Now button.
2. Fill out the easy bond form.
3. Confirm your order and select how you would like your bond documents delivered. Email or regular mail.
4. Pay for your bond.
5. If you chose to have your documents emailed, you will receive them within minutes.
It’s that simple and fast!
How Much Do These Bonds Cost?
The $50,000 bond requirement imposed by the TDHCA on brokers and retailers does not mean that these businesses must hold $50,000 in cash.
Instead, brokers and retailers will pay an annual fee, usually just a few percentage points of the $50,000 amount.
The cost of the bond starts at $500 however the exact cost depends on the broker’s personal credit score and history of ethical violations.
How Do These Bonds Work?
TDHCA requires brokers and retailers to go through the bonding process to ensure that any violations of ethics or regulations will result in compensation for the affected party.
Both brokers and retailers must obtain a $50,000 bond.
In this case, the obligee would receive payment for successful claims against the bond. The surety company would then satisfy this payment and pursue the principal for repayment.
More Information
Bond Purchase Process
1. Find Your Bond
2. Secure Pricing
3. Buy Online
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The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!
Frequently Asked Questions
Looking to Get Started or Have Questions?
The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!