Tennessee Modular Home Installer ($25,000) The Installer of Modular Building Surety Bond is required by the State of Tennessee Commissioner of the Department of Commerce and Insurance. The Bond amount (Penalty) required is $25,000. This Bond is designed to protect anyone who might suffer loss or damage from negligence of the Tennessee Modular Building Act. The principal will also be expected to comply with all local and state laws.
Tennessee Manufacturer of Modular Homes ($100,000) In the State of Tennessee a Surety Bond is required for any person(s) operating a business as a Manufacturer of Modular Homes. This Bond guarantees that the applicant (Principal) will faithfully perform their duties in accordance with the laws of the State of Tennessee. This bond is required by the Tennessee Department of commerce and Insurance.
Installer of Tennessee Modular Building Units Bond ($25,000) In the State of Tennessee a Surety Bond is required for any person(s) licensed as an Installer of Modular Building Units. This Bond guarantees that the applicant (Principal) will faithfully comply with all laws and regulations as set forth by the State of Tennessee. This Bond protects any person that suffers losses or damages due to code related non-compliance.
Tennessee Modular Units Dealer Bond ($50,000) The Dealer of Modular Building Units Surety Bond is required by the state of Tennessee Commissioner of the Department of Commerce and Insurance. The Bond amount (Penalty) required for this Bond is $50,000. This Bond is designed to protect anyone who might suffer loss or damage from negligence of the Tennessee Modular Building Act. The principal will also be expected to comply with all local and state laws.
In Tennessee, the TDCI is the obligee for many types of surety bonds, including insurance broker bonds, motor vehicle dealer bonds, and mortgage broker bonds. The TDCI requires these bonds as a way to protect consumers and ensure that businesses are operating in compliance with state laws and regulations. By requiring a surety bond, the TDCI can hold businesses accountable for any violations or misconduct.
If you are required to obtain a surety bond from the TDCI, the first step is to determine the specific bond type and amount that is required. You can find this information on the TDCI website or by contacting the department directly. Once you have this information, you will need to find a surety bond provider who is authorized to issue bonds in Tennessee.
When obtaining a surety bond with the TDCI as the obligee, it’s crucial to work with a reputable surety bond provider. The TDCI has strict requirements for surety bond providers, and they must be licensed and authorized to issue bonds in the state. Working with an unauthorized provider can result in delays or even rejection of your bond application.
Most surety bonds with the TDCI as the obligee are required to be renewed annually. It’s important to keep track of your bond’s expiration date and renew it on time to avoid any penalties or fines. Your surety bond provider can assist you with the renewal process and ensure that your bond remains in good standing with the TDCI.
The Tennessee Department of Commerce and Insurance plays a crucial role as an obligee for surety bonds in the state. By requiring these bonds, the TDCI can protect consumers and ensure that businesses are operating in compliance with state laws. If you need to obtain a surety bond with the TDCI as the obligee, be sure to work with a reputable surety bond provider to ensure a smooth and successful process.
75 Port City Landing #130
Mt. Pleasant SC 29464
