Texas Manufactured Housing Manufacturers are required by the Texas Department of Housing and Community Affairs Manufactured Housing Division to file a Texas Manufactured Housing 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 Texas Manufactured Housing Manufacturer Bond holds you accountable for your business decisions.
By possessing a Texas Manufactured Housing Manufacturer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.