New York Manufactured Home Retailer Bond Guide
If you’re applying to become a manufactured home retailer in New York, you’ll need a $25,000 surety bond.
Bond Overview
- Purpose: To ensure manufactured home retailers operate legally
- Who Needs It: Manufactured and mobile home retailers in New York
- Regulating Body: The New York Department of State
- Required Coverage: $25,000
- Premium Rate: Credit-based, starting at $175
Keep reading to learn more about the bonding process.
What Is a New York Manufactured Home Retailer Bond?
A manufactured home retailer bond is required by the New York Department of State to be a certified mobile home retailer. This bond ensures that retailers operate legally and protects customers from financial harm.
How Much Do Manufactured Home Retailer Bonds Cost in New York?
A $25,000 mobile home retailer bond premium typically costs $175–$250 for qualified applicants. However, your personal credit score may impact the exact premium rate.
Apply now to receive your free quote within one business day or less.
How Does a Manufactured Home Retailer Bond Work?
A New York mobile home retailer bond creates a legal agreement between the following three parties:
- Principal: The manufactured home retailer
- Obligee: The New York Department of State
- Surety: The underwriting surety company
As the principal, you must uphold Article 21-B and Part 1210 of New York State Code. If you break any bond terms, customers or the state can file a claim to recover financial damages up to $25,000.
Who Needs a Manufactured Home Retailer Bond?
Anyone applying for manufactured home retailer certification in New York needs a surety bond. A manufactured home retailer includes any business that sells new or used mobile homes.
Alternatively, you can submit a letter of credit or a deposit account control agreement. However, a surety bond is typically the most affordable option, requiring only an upfront premium and no collateral
How Do I Get a Manufactured Home Retailer Bond in New York?
SuretyBonds.com provides the fastest and easiest way to get a mobile home retailer bond. Follow these quick and easy steps to get your bond:
- Apply for a free quote
- Pay your invoice
- Select a FedEx shipping option
Once you receive your documents, submit the original bond form along with your registration application packet.
How Fast Can I Get My Bond?
We process most applications same-day. However, physical bond arrival will depend on the shipping option you select.
We offer three-day, two-day or overnight shipping.
Can I Get Bonded With Bad Credit?
Yes, you can likely still get bonded as a New York mobile home retailer — even with bad credit. However, your personal credit score may impact your quote.
How Do I Renew My Manufactured Home Retailer Bond?
As long as you pay the renewal invoice, this bond remains continuous until cancelled. SuretyBonds.com will send you renewal reminders in advance.
However, the surety can cancel the bond by providing 60-day’s written notice to you and the New York Department of State.
How to Become a Certified Mobile Home Retailer in New York
The New York Department of State oversees manufactured home retailer certifications. To apply, first make sure you meet the education and experience requirements:
- High school graduate or equivalent
- 3-Hour Article 21-b Introductory Course
- 1-year of experience in the mobile home or similar industry
Next, gather the following materials:
- Certification application form
- Surety bond form
- $200 fee
Submit your application to the address below:
New York State Department of State
Division of Licensing Services
P.O. Box 22001
Albany, NY 12201-2001
