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The Ultimate Guide to Getting a Motor Vehicle Dealer Bond (DMV Bond)

What is a Motor Vehicle Dealer Bond? A Motor Vehicle Dealer Bond is a dealership and insurance company contract. It guarantees financial security if any violations or fraudulent activity occurs. This bond guarantees dealers will follow all state regulations, pay taxes, and do business ethically. To

Tennessee Motor Vehicle Dealer Bond ($50,000)

Tennessee Motor Vehicle Dealer Bond ($50,000) The Tennessee Motor Vehicle Commission requires motor vehicle dealers obtain this $50,000 Surety Bond for the license period for protection of any person who suffers loss because of either: A) Nonpayment by the dealer of a retail customer’s prepaid title,

Louisiana New Motor Vehicle Dealer Bond ($20,000)

Louisiana New Motor Vehicle Dealer Bond ($20,000) Motor Vehicle Dealer (MVD) Bonds are required by the state in order for a dealer to obtain a dealer license. The MVD Bond ensures that the dealer complies with all federal laws, state laws and tax and decision guidelines.

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