How much does a home sale down payment bond cost in Colorado?
Mobile/manufactured home dealers in Colorado must post a $50,000 surety bond to legally work in the state.
These bonds are subject to underwriting, which means the amount an applicant will pay is based on a review of his or her credit report. Don’t worry if you have less-than-stellar credit! SuretyBonds.com can help you get the bond you need quickly, easily and accurately.
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|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Home Sale Down Payment Bond||$50,000||Starts at $500||$2,000-$4,000||$5,000+||Apply Now|
Call 1 (800) 308-4358 or submit a bond request now! We’ll provide you with a free, no-obligation bond quote within 1 business day of submitting an application.
Why do I need this bond?
By posting a Colorado manufactured home dealer surety bond, principals (mobile home dealers) agree to comply with all provisions of 24-32-3324(2) of the Colorado Revised Statutes. Specifically, this bond ensures that the principal:
- refunds home sale down payments received in accordance with the terms of the respective manufactured home sale down payment agreement pursuant to which such down payments were taken
- does not engage in any conduct described in 24-32-3326 of the Colorado Revised Statutes pertaining to the refund of such home sale down payments
- makes payment of reasonable per diem living expenses
What’s the fine print?
Colorado home sale down payment surety bonds remain valid for 1 year from the effective date.
This bond may be continued year to year if the surety issues a continuation certificate that is delivered to the Division of Housing of the State of Colorado. All continuations will be cumulative and have the legal effect of a new and separate obligation issued for the period covered by the continuation certificate. Each continuation certificate must be on the form approved by the Attorney General.
How to become a manufactured home retailer in Colorado
Manufactured home retailers must register with the Housing Standards and Technology Section (HTS) and post a $50,000 surety bond to become registered with the state. The Manufactured Housing Dealer Registration is designed to protect consumers through protection of their down payment.
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