Who is exempt from Dealer Surety Bond in NY state?

Posted On Jan 23 2023 by

To operate as a car dealer in the state of New York, you are required to post a Dealer Surety Bond. This bond guarantees that you will comply with all state laws and regulations while operating as a dealer. However, there are some exemptions to this requirement. In this blog post, we will discuss who is exempt from the Dealer Surety Bond in New York State and why? What is a Dealer Surety Bond? A Dealer Surety Bond is a type of surety bond that is required by most states in the United States to protect consumers from fraud or …