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Florida Motor Vehicle Dealer Bond

Who needs the bond?

The Florida Department of Highway Safety and Motor Vehicles requires a bond from licensed motor vehicle dealers.


Why is the bond required by the obligee?

The bond guarantees that the obligee can make claims to the surety in case a dealer fails to comply with the conditions of a contract in connection with the sale or exchange of motor vehicles.

General Questions
What is a surety bond? 
What is a surety bond?

A surety bond is a three-party agreement among a principal, an obligee, and a surety.

The bond formalizes the principal's obligation to the obligee. The surety guarantees that the principal will fulfill their obligation.