Oregon Manufactured Structures Dealer Bond Overview
- Purpose: To guarantee manufactured home and building dealers uphold state laws and regulations
- Who Needs It: All manufactured structure dealers and mobile home park owners in Oregon
- Regulating Body: The Oregon Department of Consumer and Business Services – Division of Financial Regulation
- Bond Amount: $15,000 for limited dealers or $40,000 for full dealers
- Minimum Price: 1% — $150 or $400
What Is an Oregon Manufactured Structures Dealer Bond?
An Oregon manufactured structures dealer bond protects customers from harm if a dealer is fraudulent. It ensures honest and legal title transfers, safe moving of structures, appropriate alterations, and more.
Who Needs a Manufactured Structures Dealer Bond?
The Oregon Division of Financial Regulation (DFR) requires all manufactured structures dealers (MSDs) and mobile park owners to file a surety bond or letter of credit.
- Limited dealers can only sell 10 used manufactured structures per calendar year and need a $15,000 bond.
- Standard MSDs can sell an unlimited number of new or used manufactured structures per year and need a $40,000 surety bond.
How Much Do Manufactured Structures Dealer Bonds Cost?
Oregon manufactured home dealer bond premiums start at 1% of the bond amount. With excellent personal credit, you could pay just $400 for $40,000 bond coverage. Apply to get your free, personalized quote.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does the Bond Work?
There are three parties in a manufactured structures dealer bond contract.
| Bond Party | Description |
|---|---|
| 1) Principal | The manufactured structures dealer licensee |
| 2) Obligee | The Oregon Department of Consumer and Business Services – Division of Financial Regulation |
| 3) Surety | The issuing surety provider |
As the principal, you are “bonded.” This means you are financially liable for upholding Chapter 446 of the Oregon Revised Statutes. If harmed customers file bond claims, the surety can reimburse them up to the full bond amount. Then, you need to repay the surety.
The surety can cancel the bond by giving 30 days’ written notice to you and the DFR.
How Do I Get a Manufactured Structures Dealer Bond in Oregon?
We make the bonding process quick and easy for Oregon MSDs. Just complete our short quote request form. You’ll receive your no-obligation invoice within one business day or less.
You can complete the purchase online at your convenience. We’ll email you the bond shortly after. Remember to file the bond with the DFR as instructed.
How Do I Renew My MSD Bond?
Your bond will expire after one full year. To renew, pay the renewal premium when prompted. We send out renewal reminders to help you stay on top of your bond coverage.
All dealers need an active surety bond as long as they hold an active license.
How to Get a Manufactured Structures Dealer License in Oregon
The MSD licensing process is very straightforward in Oregon. All you need is the following:
- $15,000 or $40,000 surety bond or letter of credit
- License application form (440-2962) or form 440-2965 for limited licenses
- $542 application fee ($150 for limited licenses) payable to Department of Consumer & Business Services
Mail everything to the DFR at this address:
DFR - Financial Licenses
PO Box 14480
Salem, OR 97309
