The Nebraska Motor Vehicle Industry Licensing Board (MVILB) regulates and licenses Motor Vehicle Dealers in the State of Nebraska. As part of their licensing requirements, dealers must submit and maintain a surety bond with the MVILB. Bond amounts vary and are based on license type:
- New/Used Motor Vehicle Dealer, Trailer Dealer, Wholesale Dealer or Motorcycle Dealer
- Motor Vehicle Auction Dealer
The purpose of this surety bond is to guarantee that the principal (dealer) complies with all regulations in the Nebraska Revised Statutes and protects any person or other dealer from loss due to fraudulent or unlawful actions by the principal in the course of business. Nebraska Motor Vehicle Wholesaler Surety Bonds expire annually on December 31st. The surety can cancel the bond at any time by submitting a written notice stating its desire to be relieved of liability and its reasons for cancelation to the MVILB 60 days prior to the effective cancelation date.
Pacific Surety is proud to offer industry low rates and quick turnaround time for quoting for Nebraska Motor Vehicle Wholesaler Bonds. Feel free to complete our simple application to obtain an approval within hours.
Surety Bond Name
Motor Vehicle Wholesaler Surety Bonds – Nebraska
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