New York — Automobile Brokers Bond
New York automobile brokers arrange purchases for customers and handle their payments under separate broker rules. Prepare the $100,000 bond application in the brokerage's name and begin with Propeller.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- New York
- Bond type
- Motor Vehicle Dealer / Vehicle Sales Bond
- Category
- Vehicles, titles & transportation
What this bond does
Protection against financial loss from fraud or contract breaches in vehicle brokerage
- Who needs it
- Automobile broker business
- Who it protects
- Payment of valid bank drafts and safekeeping of customer deposits until title transfer
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Sources
- Official bond and application instructions (opens in a new tab)Checked October 19, 2026
Have these ready
- Bring the brokerage agreement and explain how customer payments are held; do not substitute a dealer-license application.
- Have the legal applicant name, requesting party and any required form available for the provider application.
- Compare the requested sum and effective dates with the actual option and issued document.
Questions about this bond
Can brokers collect service fees in advance?
The cited requirements prohibit soliciting or collecting advance fees for services before they are performed.
What business details help with the application?
Have the brokerage agreement and business details ready, including how customer payments are held. This is separate from a dealer-license application.
How do I apply?
Purchase Now opens Propeller in a new tab through The Southern Agency. Apply for the bond there, then follow the broker registration and filing instructions for the issued document.