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Vermont Motor Vehicle Dealer Bonds

What is a Vermont Motor Vehicle Dealer Bond?

The state of Vermont statutes and the Vermont Department of Motor Vehicles require that those transacting business as new motor vehicle dealers or used motor vehicle dealers furnish a surety bond. The purpose of the bond is to indemnify any person transacting business with the principal for any financial loss sustained and to indemnify the state of Vermont in case of the principal's failure to remit fees collected to the Commissioner of Motor Vehicles.

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Motor Vehicle Dealer Bond - For Dealers of Used Vehicles
Motor Vehicle Dealer Bond - For Dealers of New Vehicles

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