Senate Bill 0094

ARCHIVE (2004)

Latest Information

 
DIGEST OF INTRODUCED BILL

Bonds for vehicle dealers and wholesale dealers. Requires an applicant for a license to be a dealer or wholesale dealer of motor vehicles to secure a bond or renewal certificate for a bond. Provides that the failure to possess the bond is grounds for suspension or revocation of a dealer or wholesale dealer license. Specifies the circumstances when the surety makes indemnification for monetary loss.

    Current Status:
     In Committee - first House
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