State laws require a Minnesota motor vehicle dealer bond, certain liability insurance coverages and a commercial lot before an individual can engage in automobile sales. The regulating statute defines “dealer” as licensed new motor vehicle dealers, used motor vehicle dealers,… Continue Reading →
Among the many requirements for licensing a Delaware motor vehicle dealer bond is often but NOT always a requirement. Delaware law defines a “motor vehicle dealer” as, (a.) A person, corporation, partnership, proprietorship or any other legal entity who is in… Continue Reading →
An Alabama Automotive Dismantler and Parts Recycler Bond and a license issued by the Alabama Department of Revenue are require to engage in the business of an automotive dismantler and parts recycler. By law, a person, firm, or corporation engaged in the… Continue Reading →
If you need to renew your Florida Motor Vehicle Dealer Bond for 2013, you better make it happen! The deadline is Tuesday! This surety bond is as you know, obligatory. The obligation guarantees that the dealer will comply with the… Continue Reading →
A South Dakota motor vehicle dealer bond is required of all parties that make a living by negotiating the exchange of motor vehicles. The state statute defines a dealer as any person who, for commission or with intent to make a… Continue Reading →
Maryland boat dealers must have an application approved and provide evidence of a Maryland boat dealer bond before a license will be issued. Natural Resources Article, §8-710, Annotated Code of Maryland requires a Maryland boat dealer’s license if you are… Continue Reading →
To sell motor vehicles in the State of Alaska you must be registered with the Department of Motor Vehicles and provide either an Alaska motor vehicle dealer bond, the secondary tax registration class which is called an Alaska buyer’s agent bond. A… Continue Reading →
Florida law states that any person, firm partnership, or corporation that buys, sells, offers for sale, displays for sale or deals in three or more motor vehicles in any 12-month period is presumed to be a motor vehicle dealer, must… Continue Reading →
In South Dakota no person may engage in the business of selling or advertising the sale of new or used vehicles or boats without a dealer license and a South Dakota boat dealer bond. South Dakota defines a “boat dealer” as any person who, for commission… Continue Reading →
In North Dakota, a mobile home dealer must have a specific license and must provide a North Dakota mobile home dealer bond. Like motor vehicle dealers, a mobile home dealer is regulated by the Department of Transportation, Motor Vehicle Division…. Continue Reading →
In Pennsylvania an individual and/or company that is applying for a Certificate of Authorization as a Salvor in file and maintain with the Department a Pennsylvania salvor bond. The bond must be written in the amount of $10,000 for each… Continue Reading →
To sell motor vehicles in the State of Louisiana you must be licensed and provide a Louisiana motor vehicle dealer bond. There are various classes of dealer licenses issued by the Louisiana Motor Vehicle Commission. Louisiana law requires that an applicant… Continue Reading →
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