$100 is your GOOD CREDIT PRICE for a Michigan Motor Vehicle Broker Bond.
If you are engaged as a motor vehicle broker in Michigan you are required under Section 248 of Public Act 300 of 1949 to file a Michigan Motor Vehicle Broker Bond as a condition of licensure.
Bonds Express offers a Michigan Motor Vehicle Broker Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Michigan Motor Vehicle Broker Bond holds you accountable for your business decisions.
By possessing a Michigan Motor Vehicle Broker Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.