$25,000 New York Mobility Vehicle Dealer Bond
Mobility dealers would be subjected to existing licensing and bond requirements for motor vehicle dealers. Anyone who sells more than five mobility vehicles in a year is considered a Mobility dealer. These vehicles are specially equipped to transport a person with a disability and include mechanical devices such as a wheel chair or ramps. Under current law a 10K bond must be posed by motor vehicle dealers if they sold less than 200 vehicles in a calendar year. A 25K will be required if the dealer sells more than 200 vehicles in a calendar year.
Latest posts by Victor J. Lance, President/Owner (see all)
- How to Obtain a Massachusetts Mortgage Broker License - October 16, 2019
- Your North Carolina Mortgage Broker License Guide - October 16, 2019
- How to Get a New Jersey Mortgage Broker License - October 15, 2019