Louisiana Manufactured Housing Retailer's Bond Guide
If you’re applying for a manufactured home retailer license in Louisiana, you’ll need this surety bond.
Bond Overview
- Purpose: To guarantee mobile housing is built, installed and distributed per state laws
- Who Needs It: All manufactured housing retailer licensees in Louisiana
- Regulating Body: The Louisiana Manufactured Housing Commission
- Required Coverage: $50,000
- Premium Rate: $1,000–$5,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Louisiana Manufactured Housing Retailer's Bond?
Louisiana manufactured home retailer bonds hold mobile and modular home sellers accountable for operating legally and responsibly. The bond provides financial security for consumers if a retailer is fraudulent.
The Louisiana Manufactured Housing Commission requires this bond as part of the licensing process for all mobile home retailers in the state.
How Much Do Manufactured Housing Retailer's Bonds Cost in Louisiana?
Louisiana manufactured home retailer bonds cost a small percentage of the $50,000 bond amount, typically 2–7.5%.
That means you could pay as low as $1,000 with excellent personal credit. 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 an Louisiana manufactured home retailer 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 form as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Louisiana Manufactured Housing Retailer's Bond Work?
As with all surety bonds, a manufactured home retailer bond creates a legal contract between three parties:
- Principal: You, the manufactured housing retailers filing the bond
- Obligee: The Louisiana Manufactured Housing Commission requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Louisiana Revised Statutes §51:911.24.
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.
