What’s the New Surety Bond Requirement?
The Alabama new bill, named SB 293, revises the bond requirement manufacturers and dealers of a mobile home, trailer coach, travel trailer, or a house trailer located in the state who issue temporary licenses and tags by requiring a $25,000 bond. Prior law required the manufacturer to post a minimum $5,000 bond or demonstrate a net worth of $25,000. The new law subjects manufacturers and dealers of semitrailers or trailers, utility trailers, boats, and boat trailers to the bond requirement. If the manufacturer or dealer already is bonded under another law, no additional bond is required.
Why Choose JW Surety Bonds?
We are the nation’s largest volume bond producer, and provide the lowest rates in the industry. It’s also crucial that you understand that you’re responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.
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If you’re ready to get a surety bond for this newly increased bond requirement, you can simply apply online.