Michigan Surety Bonds

Michigan requires many different kinds of surety bonds to allow certain professionals, contract workers, and businesses to operate within the state. Specifically, Michigan requires bonding for:

• Motor vehicle brokers and dealers
• Collection agencies
• Mortgage brokers
• First mortgage servicers
• Loan originators

All bonds listed above are required statewide. In each case, the bond coverage amount is set by a state regulatory authority, usually at a fixed value. However, in the case of the mortgage loan originator bond, the bond amount can vary from $10,000 to $250,000 depending on the loan volume of your business.

If you need a surety bond to comply with Michigan bonding regulations, we can help. NNA Surety Bonds has been providing reliable bond policies to companies and individuals across the United States since 1957. For more information about Michigan bond requirements, speak with one of our bond experts.