Effective July 1, 2015, Auto Dealers in the State of Idaho have revised bonding requirements for their Dealer License, per Senate Bill 1015. “Wholesale” Auto Dealers must now post a Vehicle or Vessel Dealer Bond in the amount of $40,000. “Retail” dealers and “Motorcycle” dealers are unchanged at $20,000 and $10,000 bonds, respectively.
Posting of the Vehicle or Vessel Dealer Bond allows licensure, and also allows for compliance with State Law.
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