Minnesota Mvd

Minnesota Motor Vehicle Department (MVD) Bonds are surety bonds written by an approved surety and purchased by a Minnesota-licensed motor vehicle dealer. The bond guarantees that the dealer will comply with all applicable laws and regulations for the sale of motor vehicles in the state of Minnesota. The surety bond also provides protection to customers who may suffer any financial loss as a result of the dealer’s non-compliance with applicable laws and regulations. The bond amount is set by the Minnesota MVD and must be renewed annually. The bond also ensures that any vehicle warranties are honored by the dealer and that any direct losses incurred by customers due to the dealer's failure to comply with applicable laws and regulations are compensated.