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If you opt to purchase a surety bond, you would pay a surety company to write that bond for you. 

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A motor vehicle dealer bond is a type of surety bond Surety bonds are three-party contracts guaranteeing that one party called the principal will obey the laws and ethical rules required by another party called the obligee with a neutral third party called the surety acting as a guarantor.

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The input element on auto, and commercial surety decides, if not need a payment at your dealership will result is? Dealer bonds guarantee compliance with state laws Each state sets its own bond amount and expiration date The Motor Vehicle Dealer Bond is also referred to.

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