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South Carolina Auto Dealer
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A South Carolina Auto Dealer Bond is a type of surety bond required by the South Carolina Department of Motor Vehicles for auto dealers and car brokers to ensure that they comply with South Carolina’s motor vehicle laws and regulations. The bond amount is based on the type of license applied for and the number of vehicles sold. The bond is an agreement between the auto dealer or car broker (Principal), the surety company that issues the bond (Surety), and the South Carolina Department of Motor Vehicles (Obligee).
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