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Delaware Motor Vehicle Sales Finance Bond

How much does a motor vehicle sales finance company bond cost in Delaware?

The Delaware State Bank Commissioner requires motor vehicle sales finance companies to post $25,000 surety bonds.

The price you’ll pay for your bond depends directly on a review of your personal credit report. Applicants with strong financial credentials could qualify to pay as low as 1% of the bond amount, or just $250! Don’t let low credit stop you from getting the bond you need! SuretyBonds.com offers an exclusive bad credit bonding program through which we approve 99% of all applicants. Apply for your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Motor Vehicle Sales Finance Company Bond $25,000 Starts at $250 $1,000-2,000 $2,500+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Call 1 (800) 308-4358 or click here to connect with our team of surety bond experts. We can provide your free bond quote within 1 business day of submitting your application!

Why do I need this bond?

By posting a Delaware motor vehicles sales finance company bond, the principal (finance company) promises to faithfully perform all duties and partake in ethical acts in accordance with the provisions of Chapter 29, Title 5 of the Delaware Code. Specifically, this bond offers compensation to the state and any consumer injured by any wrongful act, omission, default or misrepresentation committed by a licensee.

Prohibited acts under this bond include:

  • signing a contract prior to reading it
  • signing a contract that contains blank spaces
  • rescinding an agreement prior to receiving the contract
  • and more

For fast, easy and accurate bonding services, contact the experts at SuretyBonds.com now!

What’s the fine print?

Delaware motor vehicle sales finance company surety bonds remain in full force and effect until canceled by the surety or voided by the principal. The surety can cancel the bond by giving written notice of cancellation to the principal and the Office of the State Bank Commissioner. Cancellation becomes effective 30 days after the office receives the notice.

How to become a motor vehicle sales finance company in Delaware

To become a licensed auto sales finance company in Delaware, applicants must submit the following materials along with their completed license application:

  • $25,000 surety bond
  • $287.50 license fee
  • copies of all documents that will be used to conduct business
  • and more

Licenses expire annually on December 31.

Take the first step toward becoming licensed by purchasing the surety bond you need! Our experts make the bonding process fast and easy.

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Get a FREE Motor Vehicle Sales Finance Company Bond Quote Today!

Motor Vehicle Sales Finance Company Surety Bond Form

State of Delaware Office of the State Bank Commissioner: Motor Vehicle Sales Finance

TITLE 5 Banking State Banking Agencies CHAPTER 1. STATE BANK COMMISSIONER Subchapter II. Powers and Duties

TITLE 5 Banking Other Businesses Under Jurisdiction of State Banking Department CHAPTER 29. FINANCING THE SALE OF MOTOR VEHICLES

State of Delaware Office of the State Bank Commissioner: Motor Vehicle Sales Finance Application

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