MI consumer deposit bonds.
From $100. 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 — pricing is 1% of the bond amount, $100 minimum, and the application collects no credit information.
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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 waiting — the application collects no credit information, so 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.
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 — pricing starts from $100 with no credit section in the application.
You need this bond if you are
One application, 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.
Other Michigan bonds.
Consumer deposit bond, issued today.
Pricing from $100. Enter your required amount and file with LARA the same day.