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 →
On March 5th, 2014, the State Legislature delivered a new dealer law to the Governor for signature which brings uniformity to the licensing procedure. An Alabama Motor Vehicle Dealer Bond in the amount of $25,000 will be required from ALL… Continue Reading →
If you need to renew your Florida Motor Vehicle Dealer Bond 2014, get with the program! As per the statute regulating Florida auto dealers, you have until April 30th. This surety bond is obligatory, running concurrently with the license and presented… 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 →
In Arizona an auto dealer can be licensed for two classes of business, each requiring its own distinct dealer bond. A used or new motor vehicle dealer must provide a $100,000 surety bond. A wholesale auction dealer must provide a $10,000… 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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