Lance Surety Bond Associates, Inc.

Enacted on May 22, 2009, Alabama SB 151 changed the way manufactured homes are regulated. While in the past, manufactured homes fell under the same titling law as motor vehicles, they are not treated separately.

Pertaining to motor vehicles, if the Department of Revenue is not satisfied with regards to the ownership of a particular vehicle they can either withhold the title or require that a cash deposit or surety bond be posted for 1.5 times the vehicle

In Colorado, two new House Bills were recently passed that bring about a couple of changes to surety bond requirements pertaining to manufactured homes. Colorado HB 1260 changes the total amount of the surety bond that is required to be purchased when issuing the certificate of title for a manufactured home. Such a surety bond is required in order to cover any individuals who suffer damages or experience loss as a result of the certificate being issued. Prior to the enactment of HB 1260, the total surety bond amount was established by the Executive Director of the Department of Revenue. Under the new law, the surety bond amount must be twice the total value of manufactured home, according to assessor