Low Speed Vehicle Dealer Bonds (Arkansas)
Arkansas SB 776
This new state senate bill mandates that dealers of low speed vehicles (i.e. motorcycle dealer, motor vehicle lessors, and all-terrain vehicles) post a surety bond to be filed with their state dealer license.
The bond amount has been set to $25,000 for dealers of low speed vehicles.
If you’re in need of this bond and would like a free quote in just minutes, apply on our website or give us a call at 877-514-5146.
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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.
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