Surety Bonds in Michigan
3 bond types covered for Michigan with statute-cited requirements, bond amounts, and filing process. Pages are sourced from official MI government documents and updated as laws change.
Residential Builder License Bond
No state bond required
No statewide surety bond required by LARA for the Residential Builder or Maintenance & Alteration Contractor license. Local jurisdictions may require permit bonds.
Statute: MCL 339.2401 et seq. (Occupational Code, Article 24 - Residential Builders and M&A Contractors); Mich. Admin. Code R 338.1551 et seq.
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Motor Vehicle Dealer Bond
$25,000
$25,000 Uniform Vehicle Dealer Surety Bond required for Class A (new), Class B (used), and Class D (broker) dealers. Amount increased from $10,000 to $25,000 effective January 23, 2023.
Statute: MCL 257.248 (Michigan Vehicle Code - dealer licensing and bond)
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Notary Public Bond
$10,000
$10,000 surety bond required (attorneys in good standing may be exempt).
Statute: Michigan Notary Public Act, 2003 PA 238; MCL 55.273 (bond) and MCL 55.282 (commission)
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