New York Motor Vehicle Dealer Surety Bond – MVD

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SAMPLE BOND FORM

New York Motor Vehicle Dealer Bonds are required by the New York Department of Motor Vehicles. The state requires that Form VS-3 Dealer Bond be used.

***Update***

On Sept. 29, Governor Andrew Cuomo signed into law a piece of legislation that will increase the surety bond amounts required for used-vehicle dealers to become licensed. The new requirement will take effect on March 28, 2017. Old vs. New updated requirements listed below:

Dealers bonded under current law will be required to comply with the new surety bond requirements with renewa( replacement, alteration or extension of their bond. The state;s Department of Motor Vehicles has not determined if a new surety bond form will be issued.

 Additional information about this dealer bond requirement is as follows:

Obligee – New York Department of Motor Vehicles

Bond Amount  – Starts at $10,000 (Starts at $20,000 effective  3-28-17)

Renewal Document – None, however bonds issued before 3-28-17 will be readjusted at renewal time.

Click on the START MY APPLICATION button to complete our simple, online bonding  application. Completing our application allows the underwriters at our office to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond and get the process going immediately!

World Wide Bonding Agency guarantees to find the best possible price for the surety bond you need given your particular qualifications! Insurance Agent Commissions are 10% off of each bond premium. Additional underwriting information may be requested. World Wide Bonding Agency guarantees to simplify the process and keep you on the path of least resistance.

New York Motor Vehicle Dealer Surety Bond – MVD

START MY APPLICATION
SAMPLE BOND FORM

New York Motor Vehicle Dealer Bonds are required by the New York Department of Motor Vehicles. The state requires that Form VS-3 Dealer Bond be used.

***Update***

On Sept. 29, Governor Andrew Cuomo signed into law a piece of legislation that will increase the surety bond amounts required for used-vehicle dealers to become licensed. The new requirement will take effect on March 28, 2017. Old vs. New updated requirements listed below:

Dealers bonded under current law will be required to comply with the new surety bond requirements with renewa( replacement, alteration or extension of their bond. The state;s Department of Motor Vehicles has not determined if a new surety bond form will be issued.

 Additional information about this dealer bond requirement is as follows:

Obligee – New York Department of Motor Vehicles

Bond Amount  – Starts at $10,000 (Starts at $20,000 effective  3-28-17)

Renewal Document – None, however bonds issued before 3-28-17 will be readjusted at renewal time.

Click on the START MY APPLICATION button to complete our simple, online bonding  application. Completing our application allows the underwriters at our office to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond and get the process going immediately!

World Wide Bonding Agency guarantees to find the best possible price for the surety bond you need given your particular qualifications! Insurance Agent Commissions are 10% off of each bond premium. Additional underwriting information may be requested. World Wide Bonding Agency guarantees to simplify the process and keep you on the path of least resistance.

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We know the surety bond requirements for New York State and are happy to answer any questions you may have. Feel free to call us at 888.681.7685, email us directly at josephv@wwbagency.com, or fill out the form below and we’ll get right back to you! We look forward to the opportunity to earn your business!

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