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.