Utah Factory Built Housing Dealer Bond Guide
If you’re applying for a factory built housing dealer license in Utah, you’ll need this surety bond.
Bond Overview
- Purpose: To protect consumers from fraud or theft committed by prefab housing dealers
- Who Needs It: All factory built housing dealer licensees
- Regulating Body: The Utah Division of Occupational and Professional Licensing
- Required Coverage: $50,000
- Premium Rate: $500–$1,500, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Utah Factory Built Housing Dealer Bond?
A Utah factory built home dealer bond holds dealers accountable for operating legally and responsibly. The bond protects consumers from any fraudulent practices a seller may commit.
The Division of Occupational and Professional Licensing requires this bond as part of the state factory-built dealer licensing process.
How Much Do Factory Built Housing Dealer Bonds Cost in Utah?
$50,000 Utah factory built home dealer bonds typically cost $500–$1,500. Exact rates vary based on personal credit score. 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 Utah factory built 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 Utah Factory Built Housing Dealer Bond Work?
As with all surety bonds, a factory built home dealer bond creates a legal contract between three parties:
- Principal: You, the factory built housing dealer filing the bond
- Obligee: The Utah Division of Occupational and Professional Licensing requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all applicable provisions of Utah State Code.
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 factory built home dealer bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
