What is a California Mobile Home, Commercial Coach, Truck Camper or Floating Home Bond?
If you are applying for registration and Certificate of ownership for a mobile home, commercial coach, truck camper, or floating home without sufficient proof of ownership, the California Department of Housing and Community Development may require you to post a surety bond.
Who Needs a California Mobile Home, Commercial Coach, Truck Camper or Floating Home Bond?
In California, mobile homes, commercial coaches, truck campers, and floating homes are required to be properly registered. If the individual registering the property does not have proper proof of ownership, he or she will be required to post a mobile home bond. The amount for the bond is equal to the market value of the vehicle at the time of the registration.
Why Do I Need a California Mobile Home, Commercial Coach, Truck Camper or Floating Home Bond?
California mobile home bonds are intended to protect future owners of the property and the state from any potential financial loss resulting from the issuance of a new registration for the vehicle in question. Ultimately, the bond ensures that the current owner is acting in good faith and not misrepresenting his or her ownership.
If the current owner is found to be in a violation of the terms of his or her surety bond and the laws surrounding vehicle ownership, any harmed parties can make a claim against the surety bond. The principal is then responsible for reimbursing the surety for any paid damages and associated legal fees.
How Much Does a California Mobile Home, Commercial Coach, Truck Camper or Floating Home Bond Cost?
The cost of a mobile home bond is dependent on several factors. The two main determining factors are the current market value of the vehicle in question and the credit rating of the principal. The bond is valid for three years from the date of issuance.
Get Started Today!
In order to register a mobile home, commercial coach, truck camper, or floating home without proper proof of ownership, you must first purchase a California mobile home bond. Don’t delay your application.