Utah Admin. Code R156-56-402 - Factory Built Housing Dealer Bonds
(1) In accordance with Subsection
58-56-16(2)(c), a
factory built housing dealer shall provide a registration bond issued by a
surety acceptable to the Division in the amount of $50,000. An acceptable
surety is one that is listed in the Department of Treasury, Fiscal Service,
Circular 570, current revision, entitled "Companies Holding Certificates of
Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring
Companies".
(2) The coverage of the
registration bond shall include losses that may occur as the result of the
factory built housing dealer's violation of the unprofessional or unlawful
conduct provisions contained in Title 58, Chapters 1 and 56.
Notes
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