MI consumer deposit bonds.
Flat 3%. Enter your amount.
A Michigan manufactured housing retailer can hold a consumer deposit bond instead of an escrow account to protect buyers’ cash deposits, under the Mobile Home Commission Act and LARA’s rules. The amount is based on your highest monthly deposit receipts — we issue it at a flat 3% with no credit check.
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Apply to filed in one sitting.
No underwriting queue for the standard consumer deposit bond — enter your amount, pay, and file with LARA. Here is the whole thing:
Apply online
Your business details, the bond amount your receipts require, and the effective date — that is the entire application.
Issued on the spot
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with LARA
Submit the executed bond with your manufactured housing retailer license, in lieu of an escrow account. Wet-ink originals mailed whenever the office insists.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the security your deposit receipts require and the premium updates.
What it is and who needs it.
What the consumer deposit bond actually covers
Michigan licenses manufactured housing retailers under the Mobile Home Commission Act (1987 PA 96), administered by LARA. A retailer that takes cash deposits from buyers before delivery must protect those deposits — typically by escrowing them, or, as an alternative, by posting a consumer deposit bond.
Under Mich. Admin. Code R 125.1403, the consumer deposit bond amount equals the retailer’s highest monthly receipts of consumer cash deposits (and the cash value of other security) recorded over the previous three years. The amount is adjusted to reflect the prior three years’ experience before each license renewal.
The bond protects buyers if the retailer fails to deliver or refund their deposit as promised. If a claim is paid, you repay the surety — it is not insurance for you. Enter the figure your receipts require, and we issue the bond at a flat 3% with no credit check.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with your required bond amount — the executed consumer deposit bond is generated instantly, ready to file with LARA.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Michigan consumer deposit bond? +
Is this the same as the $10,000 retailer/dealer bond? +
Why does Michigan require it? +
Is there a credit check? +
Can I escrow deposits instead? +
Other New York bonds.
Consumer deposit bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter your required amount and file with LARA the same day.