Motor vehicle dealer bonds also referred to as Auto Dealer bonds are a type of surety bond that provides a guarantee that the licensed auto dealer will adhere to state laws, statutes, and regulations related to his/her dealer licensing. It is essentially a contract between the dealer (the principal) and the surety (the obligee) that […]

Understanding Contractor License Bonds Contractor License Bonds are a type of commercial surety bond that assures the state requiring the bond and the general public that the contractor will adhere to state licensing regulations and statutes. This is a legally binding contract that protects the owner of a project and the general public from a […]