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Rhode Island Motor Vehicle Dealer Bonds

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What is a Rhode Island Motor Vehicle Dealer Bond?

A Motor Vehicle Dealer Bond is a type of surety bond required by the Rhode Island Dealers' License and Regulations Office. The bond is for those licensed to conduct the business of a motor vehicle dealer pursuant to the provisions of Chapter 1499 Public Laws 1956, as amended. The Regulations Office may assign to purchasers/sellers of motor vehicles from the principal any and all right arising out of this obligation.

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Motor Vehicle Dealer Bond

$50,000 Bond

Get a Free Quote Takes 2 MinutesPrices require individual quotes. Usually from 0.5% to 3% of the bond amount
Auto Wrecking & Salvage Yard Bond
Get a Free Quote Takes 2 MinutesPrices require individual quotes. Usually from 0.5% to 3% of the bond amount

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Why is a Rhode Island Motor Vehicle Dealer Bond Required?

The motor vehicle dealer surety bond guarantees prompt payment of all costs and damages incurred or caused by any violation of the provisions of Rhode Island state law or any regulation of the Rhode Island Dealers' License and Regulations Office.