How Much Does a Motor Vehicle Dealer Bond Cost in Alaska?
Motor Vehicle Dealer / Buyer's Agent Bond
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What Does a Motor Vehicle Dealer Bond Protect Against?
The surety bond provides a limited guarantee that the bonded principal makes payment to any person for any loss or damage they suffer by reason of fraud, fraudulent representations, any violation of AS 08.66.070, as amended, any violation of AS 08.66, as amended, or any violation of state or federal law. The damaged person has a personal right of action against the principal, and the person has a personal right of action against the surety on the bond.