State Requirements for Auto Dealer Bonds
One of the more risky bonds for a bonding company is an auto dealer bond. Applicants for such a bond need to have good credit, otherwise the rates will increase dramatically. But another factor to take into consideration is that varying state requirements and regulations for auto dealer bonds. If you are a resident in any of the following states, then you will need to take into account these expiration dates before applying for an auto dealer bond.
Alabama – In Alabama, auto dealer bonds must expire on September 30th
Florida – In Florida, auto dealer bonds must expire on April 30th
Georgia – In Georgia, auto dealer bonds must expire on March 31st of an even year
Illinois – In Illinois, auto dealer bonds must expire on December 31st
Louisiana – In Louisiana, auto dealer bonds must expire on December 31st
Missouri – In Missouri, auto dealer bonds must expire on December 31st
Montana – In Montana, auto dealer bonds must expire on December 31st
New Jersey – In New Jersey, auto dealer bonds must expire on March 31st
New Mexico – In New Mexico, auto dealer bonds must expire on December 31st
Oklahoma – In Oklahoma, auto dealer bonds must expire on December 31st
Oregon – In Oregon, auto dealer bonds must expire on the last day of the month
Tennessee – In Tennessee, auto dealer bonds must expire on the last day of the month
Texas – In Texas, auto dealer bonds must expire on the last day of the month
West Virginia – In West Virginia, auto dealer bonds must expire on June 30th
