This surety bond is required by the Pennsylvania Department of Banking and Securities in accordance with the Act of June, 1947, P.L. 1110, as amended. This bond ensures that the bond holder, or principal, will comply with the provisions of the Motor Vehicle Sales Finance Act, abide by all rules and regulations issued by the Department of Banking, and pay any money due to the Department of Banking or the Commonwealth of Pennsylvania. The required bond amount is $5,000. The premium on this bond is generally as little as $100.
To Acquire a Pennsylvania Motor Vehicle Sales Finance Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.