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Product:

Ohio Mvd

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Description:

An Ohio Motor Vehicle Dealer Bond (MVD Bond) is a type of surety bond required by the Ohio Bureau of Motor Vehicles (BMV). The bond guarantees that the motor vehicle dealer will comply with all applicable Ohio state laws and regulations when engaging in motor vehicle sales and leasing activities. The bond amount is stipulated by the Ohio BMV and is based on the type and volume of business being conducted. If the dealer fails to comply with the laws, the bond is available to provide compensation to customers who suffer financial loss due to the dealer’s actions. This bond is required in order to obtain and maintain a valid Ohio motor vehicle dealer license.

Obligee: Ohio Bureau Of Motor Vehicles

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