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Old 01-09-2008, 11:42 AM
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Default Claim
What exactly is a claim? Who makes the claim on the bond?
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Old 01-10-2008, 02:18 PM
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Default Motor Vehicle Dealer Bonds
Quote:
Originally Posted by Bond Magician
What exactly is a claim? Who makes the claim on the bond?
If a Motor Vehicle Dealer sells a car and doesn't deliver a clean title for that vehicle, the person who bought the car can file a claim against the bond. This is just one example of a potential claim situation.

Hope that helps!
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