Minnesota Manufactured Home Limited Dealers are required by the provisions of Section 327B.04 Subdivision 8 (3) of the Minnesota Statutes to file a Minnesota Manufactured Home Limited Dealer Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Minnesota Manufactured Home Limited Dealer Bond holds you accountable for your business decisions.
By possessing a Minnesota Manufactured Home Limited Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.