by Justin MacFayden | Nov 3, 2023 | License and Permit Bonds
1. Introduction to Auto Dealer Bonds Auto dealer bonds, also known as motor vehicle dealer bonds or car dealer bonds, are government-required surety bonds that auto dealers must purchase to obtain a dealer license. The primary purpose of them is to protect the public...
by Justin MacFayden | Nov 3, 2023 | License and Permit Bonds
1. Introduction to Vehicle Title Bonds A Vehicle Title Bond – or Bonded Title – it is a contract established between you, the bond issuing company, and usually, the state DMV, that promises payment by the bonding company should another owner step forward...
by Justin MacFayden | Nov 3, 2023 | Commercial Bonds, Construction Bonds
1. Introduction Mobile home dealer bonds, a subset of license bonds, are a mandatory requirement for individuals or businesses engaged in selling manufactured homes in many states. These bonds serve as a prerequisite for obtaining a mobile home dealer license. Much...
by Justin MacFayden | Nov 3, 2023 | License and Permit Bonds
1. Introduction to Mortgage Bonds If you’re a mortgage broker, lender, originator, or servicer, in any of the 50 states, you may be required to post a mortgage industry related bond with your license. Depending on the bond’s terms and language, consumers...
by Justin MacFayden | Nov 3, 2023 | License and Permit Bonds
1. Introduction to Lost Instrument Bonds Lost Instrument Bonds are financial instruments representing a intended to give persons or financial institutions a way to replace other lost financial instruments like checks, money orders, certificates of deposit, stock or...
by Justin MacFayden | Nov 3, 2023 | License and Permit Bonds
1. Introduction to Title Agency Bonds In the context of real estate transactions, where trust and ethical conduct are paramount, Title Agency Bonds are valuable financial instruments. In this article, we will explore their significance in the real estate industry and...
