North Carolina Manufactured Housing Dealer Bond Guide
In North Carolina, all manufactured housing dealers must file a $35,000 surety bond for licensure.
Bond Overview
- Purpose: To ensure dealers uphold state regulations
- Who Needs It: All manufactured housing dealers in North Carolina
- Regulating Body: The North Carolina Manufactured Housing Board
- Required Coverage: $35,000; $25,000 per additional location
- Premium Rate: Credit-based, starting at 0.5%
Keep scrolling to learn more about the bonding process.
What Is a North Carolina Manufactured Housing Dealer Bond?
A North Carolina manufactured housing dealer bond ensures that dealers follow state regulations and handle consumer funds ethically.
The Manufactured Housing Board requires this type of license and permit bond to sell manufactured houses in North Carolina.
How Much Do Manufactured Housing Dealer Bonds Cost?
North Carolina manufactured housing dealer bond premiums are typically 0.5–3% of the total bond amount. Exact rates vary based on credit score. Qualified applicants can pay as little as $321 for $35,000 coverage.
Apply below for your free, personalized quote.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a North Carolina Manufactured Housing Dealer Bond Work?
A North Carolina manufactured housing dealer bond is a legal contract between three parties:
- Principal: The manufactured housing dealer purchasing the bond
- Obligee: The North Carolina Manufactured Housing Board
- Surety: The provider issuing the bond
Under this contract, you, as the principal, promise to uphold NC General Statute Chapter 143, Article 9A.
If you break these terms, harmed parties can file claims. The surety will validate and pay claims up to the full bond amount. However, you are ultimately responsible for refunding the surety.
Who Needs a Manufactured Home Dealer Bond?
In North Carolina, anyone buying, selling or displaying three or more manufactured homes annually must be licensed and bonded.
The Board requires an initial $35,000 bond and a $25,000 bond for each additional location.
How Do I Get Bonded?
SuretyBonds.com provides the fastest and easiest way to get a manufactured housing dealer bond. Just follow these simple steps:
- Apply Online: Select your bond amount and enter your information for a personalized quote
- Pay Invoice: Complete your purchase online or over the phone
- Receive Bond: Receive your official bond form via email
Upon receipt, sign and file the bond documentation with the Board.
How Fast Can I Get My Bond?
SuretyBonds.com issues manufactured housing dealer bonds faster than any other provider. We process most bond applications same-day. Apply now to receive your free quote.
Can I Get Bonded With Bad Credit?
Yes, you may still be able to get bonded with bad credit. However, poor credit will typically increase your premium rate.
Apply for a free quote or visit our Surety Bond Cost FAQ page to see how credit may impact your rate.
How Do I Renew My Bond?
NC manufactured home dealer bonds expire annually. When you work with SuretyBonds.com, we’ll send you reminders and a renewal invoice before your bond expires.
Once you pay your renewal premium, you’ll receive a continuation certificate to keep your bond active for another year. File this with the Board as instructed.
How to Become a Manufactured Housing Dealer in North Carolina
The North Carolina Manufactured Housing Board regulates all dealers in the state. To apply for a license, follow these four steps:
- Purchase a surety bond: Purchase a $35,000 surety bond and a $25,000 per additional location
- Establish a trust account: You must maintain all buyers' deposits in an escrow or trust account with a bank
- Apply for the license: Submit the online application and pay the $250 fee per location
- Complete fingerprinting: After the Board receives your application, they will email you a fingerprint packet. Contact your local sheriff's department to schedule a fingerprinting appointment
Once approved, the Board will issue your license, and you can begin selling manufactured homes.
How to Renew Your License
North Carolina manufactured housing dealer licenses expire annually on June 30.
To renew your license, set up a North Carolina Identity Management (NCID) account using your initial application email. Complete the renewal form and pay the $250 fee.
