Motor Vehicle Dealer surety bond is a guaranteed bond imposed for
the purpose of protecting the public against the illegal actions of
motor dealer. Motor Vehicle Dealer surety bonds are issued to the
motor vehicle dealer to procure MVD license
Motor vehicle dealer bond gives a guaranteed compliance of
the dealer. This bond is issued to protect the obligee from
the dealer. The motor vehicle dealer bond protects the public
against the illegal action of the dealer. This bond is issued
to obtain the license. This bond guarantees compliance with
state and federal laws. This bond also guarantees that payment
of tax will be properly made to the government within the
stipulated period. The motor vehicle dealer bond requires
the dealer to obtain a license. The principal is required
to obtain license and act according to the terms and condition
of the surety bond. The surety bond will varies for each separate
bond and the principal is required to fill in the application
with the amount of bond.