Effective March 28th, 2017, enhanced New York auto dealer surety bond requirements will take effect. The New York Vehicle and Traffic Law has been modified to increase the surety bond sales-to-bond thresholds. Retail or wholesale motor vehicle dealers that sold… Continue Reading →
New Mexico auto dealers remember your renewal. By March 31st you must file the appropriate licensing materials, fee and make sure that your New Mexico motor vehicle dealer bond is up to date. Also, remember the changes to Section 66-4-2.A NMSA 1978,… Continue Reading →
Ok, we have revamped our state-by-state guide to motor vehicle dealer bond amounts. This should be helpful for those dealers that are currently or anticipating operating in multiple states. We have compiled this information as a convenience to you, our clients…. Continue Reading →
An auto dealer must file a Maine motor vehicle dealer bond with the Secretary of State unless he or she deals exclusively with equipment and light trailers. State statute defines a motor vehicle dealer as a person engaged in the business… Continue Reading →
In California an auto dealer can choose two licensing levels, each requiring its own distinct dealer bond. A retail motor vehicle dealer must provide a $50,000 surety bond. A motorcycle dealer or wholesale only auto dealer must provide a $10,000… Continue Reading →
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