April 14, 2020

MI Cosmetology School Bond

A new Michigan bill that was recently enacted will require a surety bond of barber colleges.

Details on the New Requirement

The bill, titled MI H 4335 and effective 05/04/2020, requires a license to operate a barber college and a corporate surety or cash bond of $10,000 conditioned on the faithful performance and satisfaction of the contractual rights of students enrolled in the barber college.

How to Apply for a Surety Bond

If you find that you must obtain this surety bond, you’ll need to contact a bond provider who is licensed to to business in Michigan. JW Surety Bonds is licensed nationwide, so please apply for a free quote online, or feel free to reach out to us if you’d like assistance with obtaining this bond.

Eric Weisbrot

Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.