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Tag: Dealer Surety Bonds

How to get a Auto Dealer License?

Auto Dealer License. Contact the Department of Transportation - Motor Vehicle Department ( MVD) or go to their Web site in your State. If you plan on doing any financing or arranging financing you also need a license from the Office of the Consumer Credit Commissioner. For a retail used car dealer, you must pay a license fee for dealer license application plus a fee per metal dealer...

Issuance of MVD Bonds by Surety Bond Company

Motor vehicle dealer bond forms major part of different kinds of surety bonds issued all over the world. Generally, everybody knows that surety bonds comprises lot of bonds, particularly motor vehicle dealer bond fetches more demand among the applicants. Motor vehicle dealer bond is considered has a more important and essential bond among the people. The main purpose of issuing surety bond, i.e. motor vehicle...

Auto Dealer Bonds - Dealer License

Dealer Bonds are required by the Motor Vehicle Departments in the State where you live  in order to get a Dealer License. Auto Dealer Bond will guarantee that dealer will obay the rules and regulations of the State whare your buisness opeartes. The Auto Dealer Bonds usually costs around 0.50% to 1.50% of the value the Bonds amount. To qualify for a dealer bond you have...