Auto Dealer Bond
Posted: April 9, 2012
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...