Types of Surety Bonds in Minnesota
To get a Minnesota surety bond, you will need to choose from one of the following three major bond types:
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Commercial bonds are necessary to apply for a business license in the state - such as an auto dealer or mortgage broker license.
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Contract bonds must be obtained when a contractor wants to bid or perform on a construction project.
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Court bonds are requested by courts and are used in cases in which an individual wants to appeal a judgment or is appointed as a fiduciary.
Do you know what kind of bond you need to get? Simply search for your bond in the table below, complete the brief application form and request your free quote.!
Find Your South Dakota Surety Bond
| Freight Broker Bond (BMC-84) | N/A | FMCSA | Apply Now |
| General license & permit bond (not listed) | N/A | N/A | Apply Now |
| Investment Advisor (Blue Sky) Bond | Uniform Surety Bond | Division of Securities | Apply Now |
| Insurance Agents/Brokers Bond | Discount Medical Plans Bond | SD Dept. Labor & Regulation Division of Insuranc | Apply Now |
| Mortgage Broker (1st & 2nd Mortgages) Bond | Mortgage Company Bond | Division of Banking, State of South Dakota | Apply Now |
| Mortgage Lender/Banker (1st & 2nd Mort.) Bond | Mortgage Lender | Division of Banking | Apply Now |
| Mortgage Lender/Banker (1st & 2nd Mort.) Bond | MORTGAGE LENDER | DIVISION OF BANKING | Apply Now |
| Mortgage Lender/Banker (1st & 2nd Mort.) Bond | Money Lender Bond | Division of Banking | Apply Now |
| Auto & Mobile Home Dealers (New & Used) Bond | Vehicle Dealer | Division of Motor Vehicles | Apply Now |
| Auto & Mobile Home Dealers (Used Only, No New) Bond | Vehicle Dealer | Division of Motor Vehicles | Apply Now |
| Sales, Use & Consumer Tax Bond | South Dakota Department of Revenue & Regulation Un | South Dakota Department Of Revenue and Regulations | Apply Now |
| Appraisal Management | Appraisal Management Company Registration Bond | Department of Labor and Regulation | Apply Now |
Do you need any additional information about getting a Minnesota surety bond? Call our bond experts at (877)-514-5146!
Questions about Surety Bonds in South Dakota
To get a surety bond in Minnesota, you simply need to follow the three brief steps below.
Apply For Your Bond
Begin by completing our brief online application. Let us know what kind of bond you need and in what amount, and provide us with basic contact information so we can get in touch with you.
Get a Bond Rate
As soon as we receive your application, we will look for the best possible rate for you. We will then provide you with a free quote, along with complete information about finalizing the bonding process.
Buy Your Bond
To get your bond, you will only need to pay the bond premium that we have offered to you. You will then receive your bond via email and can also receive a paper copy via mail if you’d like to.
Never gotten bonded before? Our How to Get Bonded guide can provide you with answers about the bonding process from start to finish.
Do you need to know more about what determines your bond premium? See our How Much Does a Surety Bond Cost? guide for a complete explanation of the various factors that influence your bond rate!
Can I Get a South Carolina Surety Bond With Bad Credit?
Here at Lance Surety Bonds, we know that getting bonded with bad credit can be difficult. Thanks to our bad credit surety bonds program applicants can still obtain the South Carolina surety bond they need, so bonding is not an obstacle to success.
If you have a low credit score, liens, past bankruptcies or civil judgments, this program is the right one for you. You can expect a bond premium in the range of 5%-15%.
Most Popular Surety Bonds in South Dakota
This bond must be filed with the South Carolina Department of Motor Vehicles. A $30,000 bond is required of all dealers, wholesalers, recreational vehicles dealers, and wholesalers. A $15,000 bond is required of wholesale auto auction, motorcycle dealers, and motorcycle wholesalers.
Contractors in South Carolina must obtain a license bond in order to operate in the state. Bond amounts vary according to the type of work that contractors will be performing. The bond must be submitted to the Residential Builders Commission or the Contractor's Licensing Board.
Money transmitters in South Carolina must post a $50,000 bond to the Money Services Division. An additional $10,000 must be added to the bond for every additional location.
South Carolina mortgage brokers must post a $25,000 bond as part of the licensing process. This bond guarantees their compliance with Chapter 58, Title 40 of the South Carolina Code of Laws.
A $10,000 bond is required of the Department of Insurance in order to become licensed as an insurance broker in South Carolina. The bond guarantees compliance with Section 38-45-20 of the South Carolina Code Annotated.
Broker-dealers and investment advisors in South Carolina must post a bond with the South Carolina Securities Commissioner. The bond must be in the amount of $35,000 or $50,000 depending on how client funds are handled.
Pawnbrokers in South Carolina must post a $15,000 bond to the state Department of Consumer Affairs. The bond guarantees their compliance with the South Carolina Pawnbroker Act.
To operate as a private investigator or detective in South Carolina, you must submit a $10,000 bond to the Law Enforcement Division.
Additional Resources
Looking for more information about how to get a business license in South Carolina? See our step-by-step guides below:
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