$1,000 is your GOOD CREDIT PRICE for a New York Manufactured Homes Manufacturer Bond.
New York State adheres to the Federal Manufactured Housing Act of 2000. Under this Act, those are contracted to construct a manufactured home, you are required to be licensed by the New York Department of State, Division of Code Enforcement and Administration. One condition of licensure is possessing a New York Manufactured Home Manufacturers Bond in the amount of $50,000.
Bonds Express offers a New York Manufactured Homes Manufacturer Bond with a 99% approval rate. For bond approval, you will have to submit a signed application, business and personal indemnity, financial statements, and possess a clean credit report.
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 New York Manufactured Homes Manufacturer Bond holds you accountable for your business decisions.
By possessing a New York Manufactured Homes Manufacturer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.