Utah MVD Bond Requirement Update

UtahThe State of Utah updated the current requirements that motor vehicle dealer’s must meet by introducing a new bill. The new bill is named HB 404 and expands the present requirements for a motor vehicle dealer’s surety bond; it must guarantee the cooperation with the present legislation, which requires payoff of liens on trade ins.

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.

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