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Pennsylvania bonds

Pennsylvania — Motor Vehicle Salvor Service Bond

Pennsylvania's prescribed MV-375 lists $10,000 salvor security for each place of business. Match the actual salvor authorization and location.

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Recorded state
Pennsylvania
Bond type
Auto Dismantler / Salvage Dealer Bond
Category
Vehicles, titles & transportation

What this bond does

Application MV-951 requests the Department's MV-375 undertaking for salvor authorization. The shared bond has a Salvor designation and its own per-place amount; another dealer, agent or messenger role on that form does not supply the salvor requirement.

Who needs it
The business seeking PennDOT authorization as a salvor for abandoned vehicles. MV-951 permits a combined application with the relevant miscellaneous motor-vehicle-business registration; ordinary repair, towing or salvage status is not itself the salvor authorization.
Who it protects
MV-375 names the Commonwealth and parties transacting with the principal in its State-authorized capacity. Its condition addresses lawful business conduct and defined Commonwealth monetary losses involving fees, sales tax and penalties. Coverage follows that undertaking and its claim rules, not a blanket promise for every vehicle or towing loss.

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.

Mark Salvor and maintain the location's full security

Use the actual principal/business/location and Salvor designation. MV-375's instructions specify $10,000 for each place of business, not each abandoned vehicle. Check any additional authorized roles and locations against the actual file rather than importing another category's figure.

The bond is continuous subject to its stated cancellation terms. Its instructions require the full amount to be maintained at all times and say authorization is void if the bonded amount falls below the requirement. A 60-day notice provision is not a duration selected by this listing.

Purchase Now opens Propeller. Confirm the salvor file, principal, location, $10,000-per-place requirement, accepted form and dates before applying. Check witness/attest execution, surety seal and a power-of-attorney copy if executed under one. MV-951, storage/towing evidence and Department authorization remain separate.

Sources

Have these ready

  1. Identify the salvor applicant, business and actual location on MV-951.
  2. Use the MV-375 Salvor designation and required per-place sum.
  3. Check principal/business details and any actual branch or additional-role instructions.
  4. Complete required execution/seal and attach power of attorney if applicable.
  5. Follow current PennDOT application/execution/delivery instructions with storage and towing evidence.

Questions about this bond

Is MV-951 the bond?

No. It is the application for salvor authorization. Its checklist requests the prescribed MV-375 security and separate supporting photographs. Purchasing the bond is not approval of the application.

Is $10,000 required for every abandoned vehicle?

The actual MV-375 amount instructions say per place of business for a salvor. Match the actual authorized locations rather than multiplying by the number of vehicles or using another role's amount.

Does an old continuous bond always remain sufficient?

Check its effective status and full required amount. The form's instructions say authorization is void below the required security. Continuous wording does not make depleted or cancelled security sufficient.

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