Manufactured, Modular or Factory Built Home Contractor Bond

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Why is a Mississippi Manufactured Home Contractor Bond Required?

This surety bond protects any consumer who sustains loss or damage by reason of any act or omission by the bonded principal., The consumer who is financially damaged is entitled to bring an action against this surety bond for the recovery of damages sustained by the consumer. The action must be brought before the Commissioner of Insurance, State of Mississippi, in his position as State Fire Marshal (Obligee), or the Obligee's agent. The claim will then be validated and the amount of loss or damage sustained by the consumer determined.