This surety bond is required by the Vermont Department of Motor Vehicles. It guarantees the Department that the bond holder will comply with the provisions of the State of Vermont statutes applicable to new motor vehicle dealers and used motor vehicle dealers and indemnify the State of Vermont or any person dealing with the bond holder’s business for any loss sustained because of the holder’s failure to remit fees collected pursuant to 23 V.S.A. Chapters 7 and 21. The required bond amount varies, but Surety1 can provide this bond at a competitive price regardless of the bond amount you need.
To Obtain a Vermont Motor Vehicle Dealer 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.