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This document is a bond required for motor vehicle dealers in Minnesota, binding the principal and surety to indemnify the state and any vehicle seller or purchaser for monetary losses due to the
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How to fill out MINNESOTA MOTOR VEHICLE DEALER BOND

01
Obtain the MINNESOTA MOTOR VEHICLE DEALER BOND form from the Minnesota Department of Public Safety or a licensed surety company.
02
Enter your business name and address in the designated fields on the form.
03
Specify the total amount of the bond required, typically $50,000 for vehicle dealers in Minnesota.
04
Include your dealer license number issued by the Minnesota Department of Public Safety.
05
The surety company providing the bond must sign and stamp the form with their seal.
06
Ensure all fields are filled out completely and accurately to avoid processing delays.
07
Submit the completed bond form along with any required documentation to the Minnesota Department of Public Safety.

Who needs MINNESOTA MOTOR VEHICLE DEALER BOND?

01
Any individual or business entity that wishes to operate as a motor vehicle dealer in Minnesota is required to obtain a MINNESOTA MOTOR VEHICLE DEALER BOND.
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People Also Ask about

A Minnesota vehicle title proves that the person is the owner of the vehicle in their possession. If they do not have the current title, the “new” title they apply for will have to be bonded. A bonded vehicle title simply means that there is a surety bond attached to the title of the car.
The cost of a motor vehicle dealer bond in Minnesota ranges from $500 to $5,000. The surety bond requirement for dealers is $50,000. However, you do not need to pay the full price of the bond. Through an authorized surety company in Minnesota, you can pay a premium of 1% to 10% of the required bond amount.
Dealer Licensing Fees TypeFee Dealer licenses (all types except dealer of motorized bicycle, boat, and snowmobile trailers(DSB)) $250 Dealer license renewal (all types except DSB) $150 Dealer license renewal late fee (all types except DSB) $100 DSB - dealer of motorized bicycle, boat, and snowmobile trailers license $108 more rows
If you experience a problem with a motor vehicle dealership, you should file a complaint with the Department of Public Safety as follows: Minnesota Department of Public Safety. Driver and Vehicle Services Division. Minnesota Department of Commerce. Federal Trade Commission. Minnesota Pollution Control Agency.

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The Minnesota Motor Vehicle Dealer Bond is a type of surety bond that is required for motor vehicle dealers in Minnesota to ensure compliance with state laws and regulations related to the sale of motor vehicles.
Motor vehicle dealers in Minnesota are required to file the Minnesota Motor Vehicle Dealer Bond as part of the licensing process to operate legally within the state.
To fill out the Minnesota Motor Vehicle Dealer Bond, the dealer must provide their name, business address, the name of the surety company issuing the bond, and the bond amount, as specified by law.
The purpose of the Minnesota Motor Vehicle Dealer Bond is to protect consumers and ensure that dealers comply with laws and regulations, providing a financial guarantee that the dealer will operate lawfully.
The information that must be reported on the Minnesota Motor Vehicle Dealer Bond includes the dealer's name, business location, bond amount, effective date, expiration date, and signatures of the dealer and surety.
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