Ohio Manufactured Home Dealer Bond Guide
If you’re applying for a manufactured home dealer license in Ohio, you’ll likely need this surety bond.
Bond Overview
- Purpose: To hold manufactured housing dealers financially liable for upholding state laws and regulations
- Who Needs It: Dealers that sell 5 or more mobile homes per year
- Regulating Body: The Ohio Division of Real Estate and Professional Licensing
- Required Coverage: $25,000
- Premium Rate: 1–3% based on credit score
Learn all about the bond requirements and process in this guide.
What Is an Ohio Manufactured Home Dealer Bond?
An Ohio manufactured home dealer bond holds mobile home sellers accountable for operating legally and responsibly according to state laws.
The bond protects consumers from any fraudulent practices a seller may commit. The Ohio Division of Real Estate and Professional Licensing requires the $25,000 bond as part of the licensing process for manufactured home dealers.
How Much Do Manufactured Home Dealer Bonds Cost in Ohio?
Ohio manufactured home dealer bonds cost a small percentage of the $25,000 bond amount, typically 1–3% based on credit score.
With excellent personal financials, you could pay as low as $250. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Ohio manufactured home dealer bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file the bond with the Division as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Ohio Manufactured Home Dealer Bond Work?
As with all surety bonds, a manufactured home dealer bond creates a legal contract between three parties:
- Principal: You, the manufactured home dealer filing the bond
- Obligee: The Ohio Division of Real Estate and Professional Licensing requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Ohio Revised Code Section 4781.17.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your manufactured home dealer bond, simply pay your renewal invoice when prompted.
After renewing, you’ll receive a continuation certificate to file with the Ohio Division of Real Estate and Professional Licensing as proof of ongoing coverage.
