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New Jersey bonds

New Jersey — Motor Vehicle Dealer Bond — Used

New Jersey used motor vehicle dealers need a $10,000 bond in favor of the State. Match the bond dates to the license expiration cycle and use Purchase Now to start with RLI.

Also known as New Jersey Motor Vehicle Dealer Bond; New Jersey Motor Vehicle Dealer Bonds

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Recorded state
New Jersey
Category
Vehicles, titles & transportation

What this bond does

To ensure compliance with New Jersey licensing and regulatory standards for car dealerships.

Who needs it
A New Jersey used motor vehicle dealer applying in the licensed business's name.
Who it protects
The form identifies the interest as protection for the State of New Jersey.

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

A $10,000 surety bond is required for licensed motor vehicle dealers in New Jersey.

Sources

Have these ready

  1. Match the used-dealer entity and license expiration cycle, and follow the Commission’s approval-stage instructions for sending the original bond.
  2. Have the legal applicant name, requesting party and any required form available for the provider application.
  3. Compare the requested sum and effective dates with the actual option and issued document.

Questions about this bond

What is the required bond amount?

The required surety bond amount is $10,000.

Which expiration date should I check?

The packet says the bond must not expire until March 31 of the year the license is set to expire. Check the proposed dates against the Commission’s current application instructions rather than assuming payment sets the correct date.

What should I prepare for this application?

Match the used-dealer entity and license expiration cycle, and follow the Commission’s approval-stage instructions for sending the original bond.

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