How much will my scrap tire collector bond cost?
Michigan registered scrap tire collection site performance bond amounts will vary based on the size of the tire collection site. The cost of this specific bond is subject to underwriting and will depend on the applicant’s personal financial record.
Let our experts get you set up with the surety bond you need! Give us a call at 1 (800) 308-4358 or click here to get started.
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Scrap Tire Collection Site Bond (Site smaller than .25 acres)||$25,000||Starts at $250||$1,200-2,500||$2,500+||Apply Now|
|Scrap Tire Collection Site Bond (Site .25-.5 acres)||$50,000||Starts at $500||$2,400-5,000||$5,000+||Apply Now|
|Scrap Tire Collection Site Bond (Site .5-.75 acres)||$75,000||Starts at $750||$3,600-7,500||$7,500+||Apply Now|
|Scrap Tire Collection Site Bond (Site larger than .75 acres)||$100,000||Starts at $1,000||$4,800-10,000||$10,000+||Apply Now|
|Indoor Scrap Tire Collection Site Bond||$2 per square foot||Starts at 1%||5-8%||10%+||Apply Now|
If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form. Our experts will answer all of your questions and get you a free quote for the scrap tire collector bond you need within 1 business day of submitting your application.
Why do I need this bond?
Michigan registered scrap tire collection site performance bonds ensure that scrap tire collectors adhere to the terms set in Part 169, Scrap Tires, of the Natural Resources and Environmental Protection Act, 1994 PA 451, as amended. Under these terms, the scrap tire collector must provide financial assurance for cleanup and/or removal of scrap tires, for other costs of cleanup at the collection site, for costs of fire suppression and for costs associated with responding to a fire or an emergency at a collection site.
Ready to get bonded? Submit a bond request, and one of our surety bond experts will contact you right away to get you the bond you need.
What’s the fine print?
Michigan registered scrap tire collection site performance bonds are continuous until canceled. The state requires 120 days’ notice from the surety prior to cancellation.
Applicants must know their Scrap Tire Collection Site Registration or Waste Data System number. Applicants must also provide the legal description of the Registered Tire Storage area, which is identified on the annual site registration form. The square footage of the scrap tire storage area and the type of business entity must also be known.
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