MN

Surety Bonds in Minnesota

3 bond types covered for Minnesota with statute-cited requirements, bond amounts, and filing process. Pages are sourced from official MN government documents and updated as laws change.

Residential Building Contractor License Bond

up to $40,000

Minnesota does NOT require a surety bond for initial residential building contractor, remodeler, or residential roofer licensure or renewal. The Contractor Recovery Fund replaces bonding. A $40,000 surety bond is only required to reinstate a license after a Recovery Fund payout or other suspension.

Statute: Minn. Stat. ch. 326B (esp. 326B.802-326B.815 for residential contractors; 326B.89 for Contractor Recovery Fund)

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Motor Vehicle Dealer Bond

$50,000

$50,000 for new, used, wholesale, broker, and lessor dealers; $5,000 for boat-trailer, snowmobile-trailer, horse-trailer, motorized bicycle, and small-trailer dealers (Minn. Stat. 168.27, subd. 24).

Statute: Minn. Stat. 168.27, subd. 24

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Notary Public Bond

No state bond required

Minnesota does not require a surety bond for notary public commissions.

Statute: Minn. Stat. ch. 358 (Acknowledgments, Oaths, and Notaries Public) and Minn. Stat. ch. 359

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