Florida Auto Dealer Bond Guide and Rates
Posted: January 22, 2023
Florida Department of Highway Safety and Motor Vehicles (FLHSMV) issues a number of different types of auto dealer licenses through its Bureau of Dealer Services. A state license is required in order to sell new or used automobiles, trucks, recreational vehicles, mobile homes, and other types of vehicles as a distributor, retailer, auctioneer, wholesaler, or salvage dealer. Whether you operate a dealership as a sole proprietor,...
What is a Conduct Surety Bond?
Posted: February 5, 2022
Texas Conduct Surety Bond is required by the Texas Alcoholic Beverage Commission (TABC). In 1935, when the sale of alcoholic beverages was legalized in the state, the state was faced with building an entire framework for the distribution of alcoholic beverage products. From that the TABC was born. Conduct Bond, TABC Bond, This bond is necessary in order to obtain a permit to sell alcoholic beverages, and...
What is an Auto Dealer Surety Bond and Dealer Bond Cost?
Posted: January 30, 2022
What Is An Auto Dealer Surety Bond? Auto Dealer bond does not protect the car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the auto dealer. Auto Dealer Bonds guarantee compliance with state laws and every state sets its own bond amount, period and expiration date. Auto Dealers are required to obtain a motor vehicle surety bond which is also known as DMV...
Auto Dealers Bonds for the State of Florida are Due by April 30th.
Posted: February 10, 2021
Florida Auto dealerships operating within the state must obtain the proper licenses and a $25,000 Dealer Surety Bond. This is to ensure the motor vehicle dealership is operating within the regulations outlined by the Florida Highway Safety and Motor Vehicles Department. These bonds may also be referred to as Motor Vehicle Dealer (MVD) Bonds, DMV Bonds, Vehicle Dealer Bonds, Car Dealership Bonds, Car Dealer Bonds...