MI sales finance branch bonds.
$100 flat.
Under the Michigan Motor Vehicle Sales Finance Act, a licensed sales finance company posts a $10,000 surety bond for each additional location beyond its principal place of business — executed to the State of Michigan under MCL 492.105. Ours is $100 flat, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
Branch location bonds are among the simplest filings in surety. Here's the entire process:
Apply online
Business details, the branch address, an effective date, and a term. That is the entire application — and any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
This bond is checkout-priced at $100 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with your branch application
Your executed bond arrives by email, ready to file with the license application for the additional location. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Michigan regulates companies that purchase and finance motor vehicle installment sale contracts under the Motor Vehicle Sales Finance Act, 1950 (Ex. Sess.) PA 27. A separate license is required for each place of business — and under MCL 492.105, a $10,000 bond accompanies each application for an additional location, alongside the $20,000 bond on the principal place of business.
The bond is executed to the State of Michigan for the use of the state and any person — conditioned on the licensee complying with the act and the administrator’s rules, and paying any money that becomes due to the state or to any person under the act. A person with an unsatisfied judgment against the licensee can sue on the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. A new bond or renewal certificate must be filed annually at least 15 days before July 1; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Michigan bonds.
Branch bond, issued today.
$100 flat, issued the moment you pay, soft pull only. Free until issued.