Oklahoma Administrative Code
Title 765 - Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission
Chapter 36 - Manufactured Home Manufacturers
Subchapter 3 - Licensing Qualifications, Procedures and Fees
Section 765:36-3-4 - Bond

Universal Citation: OK Admin Code 765:36-3-4
Current through Vol. 42, No. 1, September 16, 2024

Each applicant for a manufactured home manufacturer's license shall procure and file with the Commission a good and sufficient bond in the amount of Thirty Thousand Dollars ($30,000). Said bond shall be filed on a form approved by the State Attorney General and provided by the Commission. The conditions of the bond shall be that the applicant not practice fraud, make any fraudulent representations, or violate any of the provisions of the Commission's enabling act while conducting the business for which he is licensed. In addition, the bond shall be conditioned upon the manufacturer providing prompt and full warranty service to comply with all warranties, express or implied, in connection with the sale of each home in the State of Oklahoma. The bonds as required by this section shall be maintained throughout the period of licensure. Should the bond be cancelled for any reason, the license shall be revoked as of the date of cancellation unless a new bond is furnished prior to such date.

Added at 17 Ok Reg 2724, eff 6-25-00

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