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Delaware Motor Vehicle Dealer Bond

The State of Delaware mandates all operating motor vehicle dealers to post a surety bond before legally conducting any business.

 

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What is a Delaware Motor Vehicle Dealer Bond?

Delaware, similar to most states throughout the country, requires motor vehicle dealers to obtain a surety bond before operating their business. A surety bond acts as a contract stating that the dealer will conduct business according to Delaware’s Statutes and laws. Posting this bond also ensures the buyer that a dealer’s illegal or fraudulent activity won’t harm them. 

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Additional Resources

State of Delaware: Division of Motor Vehicles 

Dealer Licensing Application Information

Title 21- Motor Vehicles Chapter 63 Sale of Motor Vehicles