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New Hampshire bonds

New Hampshire — Motor Vehicle Dealer Bond

New Hampshire DMV dealer applicants need a $25,000 surety bond. This is the dealer-license obligation, separate from the Banking Department's retail-seller bond. Start this application with Propeller.

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Recorded state
New Hampshire
Category
Vehicles, titles & transportation

What this bond does

Licensure requirement for motor vehicle dealers to provide financial security.

Who needs it
New Hampshire Motor Vehicle Dealer
Who it protects
The form identifies it as an official requirement for dealer licensing under RSA 261:98.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Bond Amount

Dealers are required to maintain a specific bond amount for the duration of their license.

License Impact

If a bond is not maintained, the dealership cannot legally hold its license.

Sources

Have these ready

  1. Have the dealership name, address and DMV dealer application ready.
  2. Use the DMV's required amount and effective dates in the provider application.
  3. After issuance, include the original bond with original signatures and raised seal in the DMV licensing packet as instructed.

Questions about this bond

What happens if my dealer bond is cancelled?

If the bond is cancelled or rescinded, you must surrender your dealer license.

Does the bond need to be an original document?

Yes, you must provide an original surety bond with a raised seal and original signatures.

Is the bond amount the same for all dealers?

The statute specifies the bond must be in the amount of $25,000.00.

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