How Much Does a Motor Vehicle Dealer Bond Cost in Maine?
Used Motor Vehicle Dealer Bond
Bonds up to $100,000
Motor Vehicle Dealer Bond - For Dealers of New Vehicles
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What Does a Motor Vehicle Dealer Bond Protect Against?
The conditions of this Surety Bond obligation are such that if the bonded Principal shall faithfully observe the provisions of Title 29-A M. R. S. A., and all the rules set forth thereunder relating to the business of a motor vehicle dealer. The surety bond shall be for the use and benefit of the Secretary of State, State of Maine, and for any person, firm or operation who may suffer loss because the Principal fails to comply with state laws and Rules.