{"id":1245,"date":"2013-06-17T02:33:22","date_gmt":"2013-06-17T02:33:22","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1245"},"modified":"2017-01-03T16:20:33","modified_gmt":"2017-01-03T16:20:33","slug":"kansas-vehicle-dealer-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/kansas-vehicle-dealer-bond\/","title":{"rendered":"Kansas Vehicle Dealer Bond"},"content":{"rendered":"

Every applicant wishing to deal new or used vehicles must provide a Kansas vehicle dealer bond<\/a><\/strong>.\u00a0“Vehicle dealer” means any person who: (1) For commission, money or other thing of value is engaged in the business of buying, selling or offering or attempting to negotiate a sale of an interest in vehicles; or (2) for commission, money or other thing of value is engaged in the business of buying, selling or offering or attempting to negotiate a sale of an interest in motor vehicles as an auction motor vehicle dealer KSA\u00a0\u00a78-2401<\/a>. \u00a0The Kansas vehicle dealer bond<\/strong> must be written\u00a0in such form, amount and with such sureties as the Director<\/a> approves, conditioned upon the applicant complying with the provisions of the statutes applicable to the licensee and as indemnity for any loss sustained by a retail or wholesale buyer or seller of a vehicle by reason of any act by the licensee in violation of law which would constitute grounds for suspension or revocation. The amount of the Kansas vehicle dealer bond<\/a><\/strong> must be as follows: (1) For any new applicant $30,000; or (2) for any current licensee, $15,000, until the renewal date of the existing bond, then $30,000 (KSA \u00a78-2404<\/a>). \u00a0The surety bond must be executed by a\u00a0corporate surety authorized to do business in the state of Kansas and written in the name of the State of Kansas for the benefit of any aggrieved retail or wholesale buyer or seller of a vehicle. \u00a0The obligation is not cumulative, being limited in the\u00a0aggregate for all breaches of the conditions of the bond to the face amount of such Kansas vehicle dealer bond<\/strong>.\u00a0The surety has the right to cancel the surety bond by giving 30 days’ notice to the Director, thereafter being relieved of liability for any breach of condition occurring after the effective date of the cancellation. These bonding requirements do not apply to first or second stage manufacturers, factory branches, factory representatives or salespersons. \u00a0The vehicle dealer bond form does not contain a forfeiture provision, guaranteeing clearly “indemnity for any loss sustained”.<\/p>\n

Kansas surety leader<\/strong>,\u00a0Surety One, Inc.<\/a>\u00a0offers\u00a0motor vehicle dealer bonds<\/strong>\u00a0in all states where they are required. Our special programs allow us to offer you surety bonding regardless of your credit condition. Need to know the bond requirements for dealers in any state? \u00a0Click here<\/a> for our MVD bond guide. \u00a0We also offer certificate of title bonds<\/strong> and lien release bonds which are sometimes needed in the course of your dealership operations. \u00a0Visit us at\u00a0SuretyOne.com<\/a>, call\u00a0(787) 333-0222<\/span>\u00a0or\u00a0(800) 373-2804<\/span>, or email us at\u00a0Underwriting@SuretyOne.com<\/span>\u00a0for a Kansas vehicle dealer bond<\/strong>\u00a0application or for information on any surety need.<\/p>\n","protected":false},"excerpt":{"rendered":"

Every applicant wishing to deal new or used vehicles must provide a Kansas vehicle dealer bond.\u00a0“Vehicle dealer” means any person who: (1) For commission, money or other thing of value is engaged in the business of buying, selling or offering… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[159],"tags":[1539,1538,1541,1540],"yoast_head":"\nKansas Vehicle Dealer Bond • Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/kansas-vehicle-dealer-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kansas Vehicle Dealer Bond • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Every applicant wishing to deal new or used vehicles must provide a Kansas vehicle dealer bond.\u00a0“Vehicle dealer” means any person who: (1) For commission, money or other thing of value is engaged in the business of buying, selling or offering... 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