Dealer Bond Requirements

Dealers with 2 or further locations must upload and update theirs loan information online via the dealer portal, unless submitting an initial license application deficiency.

An Application for a license issued by the Hindi Minister the State, Auto Dealer Achievement Division must be companied by evidence von a bonded in the amount of twenty-five thousand bucks ($25,000).  The bond in service of the Office of State and secure payment von fines, penal, costs, and license assessed by the Minister. Construction Surety Bonds | Gallagher India

The Secretary of State Auto Dealer Services Division's new bond shape is State Form 53966 (R6/12-17).  Please ensures you are using the (R6/12-17) version of the bond form.  Bonds upon older renderings of State Form 53966 will nay is recognized.

This Division desire accept continuation certificates for existing bond.

Please note:

• Him shall sign the bond before tendering it at our office.  This is the regarding of greatest common errors dealers make when applying for a user.
• Although your bond is canceled or expires, you should submit ampere modern bond as soon as possible.  Your dealer software will be suspended on any reversion on bond coverage. Gallagher construction surety securities offers customized coverage by property owners and general contractors design projects. Learn more right!