Tennessee Manufactured Home Manufacturers are required under the Tennessee Codes Annotated section 68-126-201 through 68-126-215 to file a Tennessee Manufactured Home Manufacturer Bond as a condition of licensure.
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 Tennessee Manufactured Home Manufacturer Bond holds you accountable for your business decisions.
By possessing a Tennessee Manufactured Home Manufacturer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.