Automobile broker bond cost
If you purchase, arrange or assist in the purchase of an automobile for a consumer, you are required to post a surety bond in the amount of $75,000.
This bond is subject to underwriting, meaning that the financial credentials of your credit report determines the amount you pay for your bond. Regardless of your credit report our surety specialist can get you the bond you need!
Why this bond
By posting a bond, the principal promises to conduct faithful and honest business in accordance with state laws. More specifically, this bond offers coverage for any claim which may arise.
Automobile broker bond details
All bonds will remain in full force unless voided. For information on what is needed for license approval, contact the Department of State Licensing Services.
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