Modular Dealers

Dealer means any person engaged in the sale, brokerage or distribution, by consignment or otherwise, of modular building units or components to persons who in good faith purchase such units or components for purposes other than resale.

 No person shall engage in business as a dealer of modular building units for sale in the State of Tennessee without first having obtained a dealer’s license from the Tennessee Department of Commerce and Insurance (“Department”)

Any applicant for a license as a dealer of modular building units shall furnish a surety bond executed by the applicant (as principal) and by a surety company qualified to do business in this state (as surety).

The bond for a dealer of modular building units shall be fifty thousand dollars ($50,000.00).

A separate bond shall be required for each place of business operated by a dealer.

The application form, surety bond form, and surety bond must be received and processed before being licensed by before being licensed by the Department.