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Wyoming bonds

Wyoming — Motor Vehicle Dealer Bond

Wyoming motor vehicle dealers need a $25,000 bond with the exact Secretary of State entity name. Have the one-year dates ready and use Purchase Now to start with Propeller.

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Recorded state
Wyoming
Category
Vehicles, titles & transportation

What this bond does

To guarantee the return of dealer licenses, plates, and temporary permits, and to ensure compliance with laws.

Who needs it
Vehicle dealer
Who it protects
The form identifies it as protection against fraud, misrepresentation, or violations of federal or state laws relating to the business.

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

The required bond amount for vehicle dealers is $25,000.

Execution Requirements

The principal's name on the bond must exactly match the name listed with the Wyoming Secretary of State.

Sources

Have these ready

  1. Have the registered legal entity name, DBA if applicable and dealer application ready.
  2. Use the required amount and proposed one-year dates when applying.
  3. After issuance, arrange the required execution and submit a newly executed bond for the term; continuation certificates are not accepted.

Questions about this bond

Can I use a continuation certificate for my bond?

No, continuation certificates are not acceptable; a newly executed bond is required for each term.

What happens if I make a mistake on the bond form?

Incomplete or incorrect bonds will be returned to the principal for correction at their own expense.

Who must sign the bond for a corporation?

The President, Vice President, or CEO must sign for a corporation.

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