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Michigan Motor Fuel Purchaser Bond

How much will my Michigan motor fuel purchaser bond cost?

The Michigan Department of Treasury determines the required bond amount for motor fuel and motor carrier fuel purchaser bonds and tobacco products license bonds. The bond amount should not be less than $2,000 or more than the applicant’s 3-month tax liability.

The cost of this specific surety bond is based on the client’s credit record and is subject to underwriting.

Give us a call at 1 (800) 308-4359, or fill out an online bond request to connect with our team of experts!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Motor Fuel Purchaser Bond Varies Starts at 1% 5-10% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our quick online bond request form. We’ll get you a free bond quote within one business day. It’s that easy!

Why do I need this bond?

Michigan motor fuel, motor carrier, tobacco products license or motor fuel eligible purchaser bonds ensure that these professionals pay all taxes and penalties provided for or required by law on time and in full. If a professional fails to pay all of the necessary taxes and uphold all other terms of the bond, a claim can be brought against the bond. The surety will compensate consumers for any damages, but the motor fuel purchaser is ultimately responsible for reimbursing the surety.

If you’re ready to move forward, submit a bond request! Our experts know the bonding process backward and forward and are able to answer all of your questions and get you the bond you need quickly, easily and accurately.

What’s the fine print?

Michigan motor fuel, motor carrier, tobacco products license or motor fuel eligible purchaser bonds remain in effect for one year from the date of issuance. The surety underwriting company must provide the Department of Treasury with 10 days’ written notice if the bond is to be canceled.

This bond form contains multiple bond types (licensee of motor fuel, liquid petroleum gas dealer, IFTA license, eligible purchaser, wholesale or unclassified acquirer of tobacco products), so be sure to indicate the appropriate business type on the form itself.

How to become a motor fuel purchaser bond in Michigan

Individuals or entities that operate more than one fuel or tobacco related business must obtain a license for each separate venture. Each license must be posted in a conspicuous location within the business office.

Our experts are ready to answer all of your questions. Submit a bond request to connect with a surety specialist right away!

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Get a FREE Motor Fuel Purchaser Bond Quote Today!

Michigan Department of Treasury: Motor Fuel Information

Michigan Motor Fuel, Motor Carrier, Tobacco Products License or Motor Fuel Eligible Purchaser Surety Bond form

Michigan Motor Fuel Tax Act

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