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Product:

Washington Mvd

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Description:

A Washington Motor Vehicle Dealer (MVD) Bond is a surety bond required for motor vehicle dealers in the state of Washington. The bond is issued by a surety insurance company, and it guarantees that the motor vehicle dealer will obey all applicable Washington State laws, rules and regulations pertaining to the sale of motor vehicles. The bond is required by the Washington State Department of Licensing and must be in the amount of $50,000. The bond must be renewed annually and if any violations of the laws occur, the surety will be required to pay any costs or damages incurred by the state as a result of the violation.

Obligee: Department Of Licensing Business And Professions Division

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