Tag: Mvd Bond

Auto Dealer Bond

Auto dealer bond also known as MVD bond, motor vehicle dealer bond,  used car dealer bond is required by the State to obtain a dealership license. Auto dealer bond does not protect the used car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the car dealer.  Auto Dealer Bond guarantee compliance with state laws, each state sets its own bond amount and expiration date. Motor Vehicle Department charges a... Read Article

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... Read Article

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... Read Article