Minnesota dealer subagency bonds.
$400 flat.
A Minnesota manufactured home dealer with more than one location designates additional places of business as subagencies, each licensed and bonded with the Department of Labor and Industry under Minn. Stat. 327B.04. This subagency bond is $20,000; the premium is set by our carrier at $400 flat.
Trusted by industry leaders
How much does a Minnesota dealer subagency bond cost?
$400 at the $20,000 amount, the same for every applicant.
Three steps to filed.
Your subagency license is waiting on this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, and an effective date. The only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
E-sign & file with the Department of Labor and Industry
Pay online and receive the executed bond, ready to file with your subagency license application. Wet-ink originals mailed whenever the state insists.
What it is and who needs it.
What the subagency bond actually guarantees
Under Minn. Stat. 327B.04, a manufactured home dealer with a place of business at more than one location designates one as its principal place of business and the others as subagencies. Each subagency is separately licensed by the Department of Labor and Industry and carries its own surety bond.
Like the principal dealer bond, the subagency bond is $20,000 for the protection of consumer customers, conditioned on faithful compliance with the laws and rules governing your business as a dealer — including Minn. Stat. 325D.44, 325F.67, and 325F.69 — and faithful performance of obligations to consumers at that location.
It is not insurance for you — if the surety pays a claim, you repay the surety. At this stage we run one soft credit pull as part of underwriting; it informs approval, never the price.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $20,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The carrier issues this bond for a single two-year term; the term cannot be changed at checkout.
Renewal falls on the statutory date, October 8, in the year your term ends.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
E-sign & file with the Department of Labor and Industry. Pay online and receive the executed bond, ready to file with your subagency license application. Wet-ink originals mailed whenever the state insists.
What sets the price
The premium is fixed at $400 at the $20,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Minnesota motor vehicle dealer bonds.
Not sure this is the one your license calls for? These are the other motor vehicle dealer bonds we write in Minnesota. Each has its own statute and bond amount.
Other Minnesota bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Subagency bond, issued today.
$400 flat, short application, soft pull only, bond issued when you pay. Free until issued.