The 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. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.