Form VD-114 template
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Motor Vehicle Dealer Bond
A statement of bond required for all licensed Vermont dealers.
This document outlines requirements for a Motor Vehicle Dealer Bond in Vermont, including the condition of the bond, definitions, dealer registration processes, form requirements, and purpose/liability. Principals applying for dealer registration must provide a surety bond from a Vermont-authorized entity, with bond amount based on sales volume in the prior year or two years for new and used car dealers. The document provides details on the effective and expiration dates of the bond, claims process, and liability limits.
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