Motor Vehicle Dealers - Used Vehicles Only

The Connecticut Motor Vehicle Surety Bond is a state-mandated financial guarantee required by the Connecticut Department of Motor Vehicles (DMV) for businesses engaged in motor vehicle sales, repair, or leasing operations. This bond ensures compliance with state regulations and protects consumers from potential financial losses due to fraudulent or unethical business practices.

Motor vehicle dealers, limited repairers, and leasing/rental companies must obtain this bond as part of their licensing requirements with the Connecticut DMV. The bond amount varies based on the business classification: Class 3 operations require bonds of $10,000, $15,000, or $25,000, while Class 4 operations require a $60,000 bond amount.

The bond protects the State of Connecticut and consumers who may suffer financial harm due to the principal's failure to comply with applicable motor vehicle laws and regulations. This includes protection against issues such as failure to transfer titles properly, misrepresentation of vehicle conditions, or other violations of Connecticut motor vehicle statutes.

This bond has a one-year term and is renewable annually. The Connecticut DMV requires specific formatting standards, including typed witness names and a raised seal, making proper bond preparation essential for acceptance by the obligee.