There is a new law recreational vehicle dealers must abide by in the state of Pennsylvania. The law is named SB 1019, which requires recreational vehicle dealers to post a $30,000 license bond that must be issued by a surety company licensed in the Commonwealth. The required bond is conditioned on cooperation with all of the Commonwealth’s laws and policies. The bond will also operate as security for claims that an agency of the Commonwealth files for any money due such as unpaid taxes, licenses, fees, payment of a criminal punishment/fine after conviction, payment of a civil penalty or monetary amount after the entry of judgment.
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.