Do all modular homes manufacturers need to be licensed and bonded

[Valeryia Kalantayeva]

Hi everyone

We are a startup building modular homes in New Mexico. We are just starting out, planning our first model home. However, upon our last discussion with local CID, they told us that we need to have a Modular Manufacturer Bond with the State prior to registering with the State and getting building permits. The sum is too large to come up with upfront, so I'm trying to double check if this is an absolute requirement.

Is it? Do other house types manufacturers also must be bonded?

Don't want to ask this the CID as we are trying not to come off as unprepared. Will talk to them again once i find out some other options or lack of thereof. 

If anyone knows anything, let me know. 

[Mike Reynolds]

@Valeryia Kalantayeva Looks like New Mexico requires a 50,000 dollar bond. That would only cost 500 dollars a year. You dont pay the full amount. Unfortunately, the other is what it is and is set up that way  protect you as well as your future clients. On the bright side it allows for every manufacture to make them similar and to the same standards so there shouldnt be anyone low balling you with a hack house.