Mobile home dealer; surety bond; deposit; rules.

Mich. Comp. Laws § 125.2322, under THE MOBILE HOME COMMISSION ACT.

Mich. Comp. Laws § 125.2322

Sec. 22. The commission may promulgate rules to require a licensed mobile home dealer to post a surety bond in an amount up to $10,000.00 for each sales location and may determine conditions of the bond. An appropriate deposit of cash or securities shall be accepted in lieu of a bond which is required.