Minnesota limited dealer bonds.
$100 flat.
A Minnesota limited manufactured home dealer — a dealer whose activity is narrow enough to qualify for the limited license — files a $5,000 bond with the Department of Labor and Industry under Minn. Stat. 327B.04. The premium for this bond is set by our carrier at $100 flat. One soft credit pull, which affects approval, never the price.
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How much does a Minnesota limited dealer bond cost?
$100 at the $5,000 amount, the same for every applicant.
Three steps to filed.
Your limited dealer 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 limited dealer license application. Wet-ink originals mailed whenever the state insists.
What it is and who needs it.
What the limited dealer bond actually guarantees
Minnesota's manufactured home licensing law at Minn. Stat. 327B.04 provides for a limited dealer license, for dealers whose manufactured-home activity is narrow enough to qualify. The Department of Labor and Industry conditions that license on a $5,000 surety bond.
Like the full dealer bond, the limited dealer bond is for the protection of consumer customers, conditioned on faithful compliance with the laws and rules governing your business and faithful performance of your obligations to consumers. A consumer harmed by a breach can recover against the bond, up to the $5,000 penal sum.
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. Confirm with the Department whether your activity qualifies for the limited license.
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 $5,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
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 limited dealer license application. Wet-ink originals mailed whenever the state insists.
What sets the price
The premium is fixed at $100 at the $5,000 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 bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Limited dealer bond, issued today.
$100 flat, short application, soft pull only, bond issued when you pay. Free until issued.