Motor Vehicle Dealer - Wholesale Bond
Any business or individual that is transacting business as a Wholesale Motor Vehicle Dealer must be licensed and provide a Wholesale Motor Vehicle Dealer License Surety Bond. This bond allows the licensed individual or business entity to buy/sell/deal with other licensed dealers at wholesale only. Some states require this Bond based on volume of sales. The Motor Vehicle Dealer Bond is also referred to as a Dealer Bond, MVD Bond, Auto Dealer Bond, Used Dealer Bond, and similar names. You are required to have a bond prior to obtaining a Dealer License.
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