Vehicle dealers are now required to follow a new law concerning license bond requirements in the state of Idaho. The new law, HB 365, subjects dealers of “motor-driven cycles” to the already existing license bond requirements other types of dealers in the state must abide by. The surety bond amount must be $20,000. HB 365 was enacted on March 19th, 2008.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.