The New Hampshire Retail Vehicle Dealer’s Bond is required by the State of New Hampshire, Division of Motor Vehicles for retail vehicle dealers. A retail vehicle dealer is a person engaged in the motor vehicle business who sells motor vehicle to the general public, or demonstrates for sale vehicles on consignment to the general public. The bond states that the bondholder shall well and truly keep and perform his obligations to purchasers who suffer loss by reason of purchase from the bondholder of a stolen motor vehicle title, which is thereby rendered defective. In order to find out the cost of the surety bond, all we need is the completed application. Surety1 has access to the best surety markets available, so we will be able to get you bonded quickly at the best possible price!
What are the requirements for a Retail Vehicle Dealer’s License?
- Payment of $125 for the Retail Vehicle License
- Completed Application for Retail Dealer License and Registration form
- Approval from local and state authorities
- Established place of business
- Original service agreement
- Original criminal background check
- Surety bond in the amount of $25,000
- Required by: New Hampshire Department of Safety Director of the Division of Motor Vehicles
- Minimum Bond Amount: $25,000
- Maximum Bond Amount: Varies
- Valid: 1 year – Renewable
The price for the bond, also known as the bond premium, is only a small fraction of the bond amount. This bond guarantees the principal will abide by all New Hampshire state laws and regulations along with the laws outlined in the New Hampshire Revised Statutes Annotated 261:98. The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct. If the bond is cancelled, the Director of the Division of Motor Vehicles 60 days before the cancellation date.
Surety1 is not directly involved with the licensing process, but we’ve compiled this information which may helpful for you.
State licensing fees and requirements:
- Surety bond
- License application
- Supporting application documents
- $125 licensing fee
- Original service agreement
- Criminal background check
- Proof of established place of business
- Regular business hours
All licensing fees are required by the obligee, not the surety company. Licenses are valid for one year and must be renewed annually on March 31st. For more licensing information, visit New Hampshire’s official page.
Where can I get a New Hampshire Retail Vehicle Dealer’s Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.