Oklahoma Manufactured Home Dealer's Bond
Oklahoma Manufactured Home Dealer's Bond Information
A Manufactured Home Dealer's Bond is a type of surety bond that must be submitted by those in Oklahoma licensed as manufactured home dealers. The bond is required by the State of Oklahoma Used Motor Vehicle and Parts Commission in the coverage amount of $30,000. The bond ensures ethical business conduct as a manufactured home dealer, operating without fraud or fraudulent representations, and complying with the provisions of the Oklahoma Used Motor Vehicle Dealer Laws (47 O.S. § 581et seq.). The surety bond also ensures that the bonded principal indemnifies and reimburses any person for losses or damage suffered by reason of fraud, fraudulent representations or other illegal actions.