Texas Motor Vehicle Dealer License Requirments
Posted: November 19, 2023
Auto Dealer Bond Rates Car Dealer Bond is typically called an MVD Bond, or a Motor Vehicle Surety Bond. Auto dealer surety bond is not an insurance policy, it does not protect the auto dealer from any losses, but it does protect the consumer from any wrongdoing or wrong actions by the dealer. Most states require auto dealers to carry a surety bond, which is a...
Texas Notary Bond Cost & Info.
Posted: July 2, 2023
Why Do I need a Notary Public Bond A Notary bond protects the public from financial harm in the event you, the Notary, make a mistake or omission, or perform a wrongful act in notarizing a document that causes any person financial harm. By issuing a bond, the surety company guarantees that you will perform your duties as a Notary Public in accordance with the...
California Contractor License Bonds Increase to $25,00
Posted: October 12, 2022
Effective January 1, 2023, the Contractors State License Board of California (CSLB) will increase a contractor license bond to $25,000 as detailed in Senate Bill 607. To meet this requirement, we will automatically increase all eligible in-force California contractor license bonds to $25,000 on January 1, 2023 via a blanket CSLB-provided rider. View the CSLB Industry Bulletin here. To maintain the principal's current California contractor license bond term(s), a...
Motor Vehicle Dealer Bonds Cost & Info.
Posted: October 8, 2022
Auto Dealer Surety Bonds are required by the State Motor Vehicle Department in order to obtain a motor vehicle dealer license, Dealer surety bond does not protect the car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the auto dealer. Auto Dealer Bond guarantee compliance with state laws and every state sets its own bond amount, period and expiration date. Auto...
BMC-84, $75,000 Freight Broker Bond Info.
Posted: March 24, 2022
Our economy heavily relies on truckers to transport vital necessities such as food and clothing. Freight brokers are required to maintain a $75,000 surety bond with the FMCSA (Federal Motor Carrier Safety Administration) under Title 49, U.S.C. 13904. As of October 1, 2013, the freight broker bonds amount increased from $10,000 to $75,000 to comply with the MAP-21 bill. Also referred to as a BMC-84...