INDIANA DEALER BOND REQUIREMENTS
Effective July 1, 2009, Indiana House Bill 1376 mandated that Motor Vehicle Dealers must furnish proof that they have a $25,000 bond before obtaining or renewing their dealer license.
As of July 1, 2010 Senate Enrolled Act 117 eliminates a Wholesale, Transfer or Automotive Mobility Dealer who was licensed under Indiana Code 9-23-2 prior to JULY 1, 2009, from the mandatory requirment of having a $ 25,000 Surety Bond to maintain a valid Indiana Dealers License.
For more information, call the IIADA office at 800.310.3112 or click below to contact us via email:
