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Check an existing bond. While there is no state license required for mechanical contractors, businesses must file a $25,000 mechanical contractor bond with DLI in order to contract to perform gas, heating, ventilation, cooling, air conditioning, fuel burning or refrigeration work.
To get a surety bond in Minnesota, you simply need to follow the three brief steps below. Apply For Your Bond. Your first step is to complete the brief online application with which you request a free quote on your bond. Get a Bond Rate. Buy Your Bond.
On average, the cost for a surety bond falls somewhere between 1% and 15% of the bond amount.
Minnesota title bonds are quickly issued, typically cost $100, and have a 3-year bond period. After the bond expires, there is no requirement for the bond. You will be eligible for a standard certificate of title (removing the bonded brand) if no one has filed a claim against your bond.
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