$300 is your GOOD CREDIT PRICE for a Minnesota Motor Vehicle Lessor Bond.
If you are engaged as a motorcycle lessor in Minnesota you are required under Sections 168.27 of the Minnesota Motor Vehicle Lessor Bond as a condition of licensure.
Bonds Express offers a Minnesota Motor Vehicle Lessor 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 Minnesota Motor Vehicle Lessor Bond holds you accountable for your business decisions.
By possessing a Minnesota Motor Vehicle Lessor Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.