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Pennsylvania Repossessor Bond

Pennsylvania Repossessor Bond

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Who Requires the Repossessor Bond and Why Is It Needed?

A Collector-Repossessor Bond is required for those in Pennsylvania applying for a license under the provisions of the Motor Vehicle Sales Finance Act. The Department of Banking and Securities granting of the license is subject to the principal obtaining a surety bond in the amount of five thousand dollars ($5,000). The bond ensures that the principal adheres to the provisions of the Act, complies with all the rules and regulations of the Department and pays any moneys due to the Commonwealth, the Department, or any persons as required by law, contracts or licensing terms.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Pennsylvania Repossessor Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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