Types of Surety Bonds: Michigan Surety Bond Requirements
There are three types of surety bonds that can be required of you:
- License and permit bonds needed for many professions such as contractors and auto dealers to operate legally.
- Contractor bonds for public construction projects.
- Court bonds required by the courts for various purposes.
Getting License and Permit Bonds
Michigan requires license and permit bonds in order to get and file licenses/permits for many different professions. You can find the full list of license and permit bonds required by using our bond requirement search tool below.
A commonly needed license bond is the contractor surety bond needed for residential builders, maintenance and alteration contractors, which is required by the Michigan Department of Licensing and Regulatory Affairs. Another common license bond is the uniform vehicle dealer bond needed to sell or broker new and used vehicles, which is required by the Michigan Department of State.
License & Permit Bond Search
|Michigan Alarm Business Bond||Michigan Dept of Licensing and Regulatory Affairs||Lansing||Apply|
|Michigan Basic Driver Improvement Course Sponsor Bond||Michigan Department of State||Lansing||Apply|
|Michigan Bond Guaranteeing Payment of Utility Bills||Consumers Energy||Grand Rapids||Apply|
|Michigan Collection Agency Bond||Bureau of Commercial Services, Licensing Division||Lansing||Apply|
|Michigan Debt Management License Bond||Department of Insurance and Financial Services||Lansing||Apply|
|Michigan Deferred Presentment Service Provider Bond||State of Michigian||Lansing||Apply|
|Michigan Depository Financial Institution - Sales Finance Company Bond||Department of Insurance and Financial Services||Lansing||Apply|
|Michigan Door to Door Sales Bond (City of Lansing, MI)||City of Lansing||Lansing||Apply|
|Michigan Driver Education Provider Bond||Michigan Department of State||Lansing||Apply|
|Michigan First Mortgage Broker, Lender, and/or Servicer Bond||Office of Financial and Insurance Services||Lansing||Apply|
|Michigan IBEW Local No. 58 Bond||IBEW Local #58||Detroit||Apply|
|Michigan In Lieu of Michigan Based Trust Account Alternative Bond||Department of Insurance and Financial Services||Lansing||Apply|
|Michigan Information Purchaser's Uniform Surety Bond||Michigan Department of State||Lansing||Apply|
|Michigan Manufactured Home Uniform Bond||State of Michigan||Inkster||Apply|
|Michigan Massage Establishment License Bond||City of Southfield||Southfield||Apply|
|Michigan MLCC Non-Retail License Bond||Michigan Liquor Control Commission||Lansing||Apply|
|Michigan Money Transmission Services Provider Bond||Office of Financial Services||Lansing||Apply|
|Michigan Mortgage Lender Bond||OFIR||Lansing||Apply|
|Michigan Mortgage Loan Originator - Company Bond||OFIR Consumer Finance Section||Lansing||Apply|
|Michigan Mortgage Loan Originator - Individual Bond||Office of Financial and Insurance Regulation||Lansing||Apply|
|Michigan Motor Vehicle Dealer Bond||Department of State||Lansing||Apply|
|Michigan Non-Depository Sales Finance Company and/or Out-Of-State Depository Institutions Bond||Department of Insurance and Financial Services||Lansing||Apply|
|Michigan Office of Postsecondary Services - Proprietary School Unit Bond||Mich Dept Energy, Labor, Economic Growth||Lansing||Apply|
|Michigan Precious Metal & Gold Buyer Bond||City of Highland Park||Highland Park||Apply|
|Michigan Private School Bond||Dept of Licensing and Regulatory Affairs||Lansing||Apply|
|Michigan Professional Employer Organization Bond||State of Michigan||Lansing||Apply|
|Michigan Professional Investigator or Professional Investigator Agency Bond||Michigan Department of Energy, Labor and Economic Growth||Lansing||Apply|
|Michigan Residential Builder and/or Residential maintenance and Alteration Contractor Bond||Michigan Dept. of Licensing and regulatory Affairs||Lansing||Apply|
|Michigan Retailer or Applicant for Retail License Bond||MLCC - MICHIGAN LIQUOR CONTROL COMMISSION||Lansing||Apply|
|Michigan School of Cosmetology Bond||State of Michigan-Board of Cosmetology||Lansing||Apply|
|Michigan SECOND Mortgage Broker, Lender, and/or Servicer Bond||Commissioner, Office of Financial & insruance||Lansing||Apply|
|Michigan Security Alarm Contractor Bond||Dept of Licensing and Regulatory Affairs||Lansing||Apply|
|Michigan Security Guard Agency Bond||Dept. of Licensing and Regulatory Affiars||Lansing||Apply|
|Michigan Special License for Sale of Beer, Wine and Spirits for Consumption on the Premises Bond||Michigan Liquor Control Commission (MLCC)||Lansing||Apply|
|Michigan Special License for Sale of Beer, Wine, and Spirits for Consumption on the Premises Bond||MI Department of Licensing and Regulatory Affairs||Lansing||Apply|
|Michigan St. Clair County Road Commission Bond||St. Clair County Road Commission||Saint Clair||Apply|
|Michigan Third Party Testing Organization Bond||Department of State||Lansing||Apply|
|Michigan Unarmed Combat License Bond||MI Department of Licensing and regulatory Affairs||Lansing||Apply|
|Michigan Uniform Bond||City of Detroit,County of Wayne, State of Michigan||Detroit||Apply|
|Michigan Uniform Manufactured Housing Retailer's Bond||Michigan - Department of State||Lansing||Apply|
|Michigan Uniform Manufactured Housing Retailer's Consumer Deposit Bond||Dept of Licensing and Regulatory Affairs||Lansing||Apply|
|Michigan Uniform Professional Fund Raiser Surety Bond||Departent of Attorney General-Charitable Trust Sec||Lansing||Apply|
|Michigan Uniform Surety Bond||Consumer Affairs Department, Business License Center||Detroit||Apply|
|Michigan Uniform Vehicle Dealer Bond||Department of State||Lansing||Apply|
|Michigan Vehicle Uniform Bond||Michigan Department of State||Inkster||Apply|
Getting Construction Bonds for Jobs
Contract bonds such as bid and performance bonds are needed to work on public construction projects. However, these are usually required by cities or municipalities as opposed to the state. You can learn more about what’s needed to get surety bonds for construction projects.
Getting a Court Bond in Michigan
Court bonds aren’t needed as often as the bonds mentioned above, but can be required by the courts if you need to appeal a court decision, become a legal guardian of a minor or operate as a fiduciary of an estate.
How Much Do Surety Bonds Cost in Michigan?
Surety bonds generally cost 1-15% of the required bond amount. Costs vary significantly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay). You can get an instant estimate by using our bond premium calculator, or apply online to get a firm surety bond quote.
Can You Get Bonded with Bad Credit?
It’s possible to get surety bonds with bad credit, but it will depend on the bond type you need and how severe your credit issues are. You can get approved for most license and permit bonds with bad credit. However, it is more difficult to get contract bonds with credit issues.