The Pennsylvania Vehicle Dealer Bond is required by the Department of Transportation. The bond amount is $30,000 for each location. The bond states that the bondholder shall faithfully conduct their business under the law and regulations governing such business. In addition, the bondholder shall not cause the State any monetary loss in relation to sales tax or monetary penalties.
Prospective new dealers must be licensed through the Board of Vehicle Dealers, Manufacturers and Salespersons. The Pennsylvania Dealer Bond is one of the licensing requirements. The application and instructions are available at the Department of State’s website. Prospective dealers can follow the instructions contained in Pub 459, Requirements on Becoming a Dealer.
Applicants must complete an application form. Pay, by check, $60 for the Motor vehicle Transaction Recovery Fund fee. Include an original criminal history record obtained from the Pennsylvania State Police. A copy of the front and back of a government issued photo ID for each owner, partner or corporate officer. A copy of the deed/lease or rental agreement. And, lastly, the appropriate fee for the number of dealer registration plates requested.
With Surety1, you not only get the Full Agent Bond at the best rate possible, you also get it FAST. We are proud to say that through our partnership with many A-rated surety companies, we are able to offer the lowest rates in the market today.
Start the process by completing our easy to navigate, free online application form. After that, one of our licensed agents will contact you with a no-obligation quote on the bond premium. Once you are ready to proceed, we will collect the premium payment and have you sign the agreement. Lastly, we will send your Pennsylvania Full Agent Bond to you through USPS Priority Mail. Overnight is available for additional fee.
Founded in 2003, licensed in all 50 states, we continue to maintain an A+ rating from the Better Business Bureau.