A Factory Built Housing Dealer Bond is a type of surety bond required for those who have applied for registration as a dealer of factory built housing within the State of Utah. The surety bond is issued for the benefit of the people of the State of Utah to indemnify persons, firms, and corporations for losses occuring due to violations of the conditions as required by Utah Code Ann. 58-56-16(2)(c) (1999), and Utah Administrative Code R156-56-402 (1) (2011).
The bonded principal is registered to do business as a dealer of factory built housing and the bond covers losses which may occur as the result of violations of any of the unlawful or unprofessional conduct provisions of Chapter 1, Title 58, and Chapter 56 Title 58 Utah Code Ann (1999) or any law pertaining to commerce in factory built housing promulgated by a registration or regulating authority.
