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  1. Mother Bond
    Mother Bond is offline Senior Member
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    Not a US Citizen

    I'm starting a dealership and the DMV is requiring me to get a surety bond. Is it possible to get a bond, even though I am not a US citizen?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
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    Motor Vehicle Dealer Bonds

    Quote Originally Posted by Mother Bond
    I'm starting a dealership and the DMV is requiring me to get a surety bond. Is it possible to get a bond, even though I am not a US citizen?
    Unfortunately not through any market that we have - no.
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  3. Bond Magician
    Bond Magician is offline Senior Member
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    Not a US Citizen

    Quote Originally Posted by Surety Queen
    Unfortunately not through any market that we have - no.
    The main reason that we cannot help with this situation is because of indemnification reasons. If there's a claim, US Courts cannot force a non-US citizen to abide by any rulings, so the Surety would be left out in the cold unless they have 100% collateral.

    Hope this helps!
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  4. Admin
    Admin is offline Administrator
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    Bond Magician, I believe that is no longer the case. If I recall correctly there are high risk markets willing to write non-citizens since the claims are partially built into the premiums, like insurance.

    However, I can't say with 100% certainty.


    Can anyone else confirm or deny this?
    Surety Bond Articles
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  5. Surety Queen
    Surety Queen is offline Surety Professional
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    Motor Vehicle Dealer Bonds

    Quote Originally Posted by Admin
    Bond Magician, I believe that is no longer the case. If I recall correctly there are high risk markets willing to write non-citizens since the claims are partially built into the premiums, like insurance.

    However, I can't say with 100% certainty.


    Can anyone else confirm or deny this?
    My recent experience has been that the applicant must be a US citizen. They don't to live in the US - but they do have to be a citizen. Granted, this was for only 1 high risk surety.
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  6. Bond Magician
    Bond Magician is offline Senior Member
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    Not a US Citizen

    Quote Originally Posted by Surety Queen
    My recent experience has been that the applicant must be a US citizen. They don't to live in the US - but they do have to be a citizen. Granted, this was for only 1 high risk surety.
    If there is more than one owner, and one owner IS a US citizen, some Surety companies will approve.
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  7. Surety Queen
    Surety Queen is offline Surety Professional
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    Motor Vehicle Dealer Bonds

    Quote Originally Posted by Bond Magician
    If there is more than one owner, and one owner IS a US citizen, some Surety companies will approve.
    I haven't run across this scenario - good to know.
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  8. odin360
    odin360 is offline Junior Member
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    what about if i am a Green Card holder? is it possible?

    thanks,
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  9. Admin
    Admin is offline Administrator
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    Due to the nature of how surety bonds work, bonding companies are going to want to have another owner that is a US citizen or a cosigner.
    Surety Bond Articles
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  10. odin360
    odin360 is offline Junior Member
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    Quote Originally Posted by Admin View Post
    Due to the nature of how surety bonds work, bonding companies are going to want to have another owner that is a US citizen or a cosigner.
    now I have filled applications that had a question about citizenship and some not. If not specified is there a way for the bonding companies to know if you indeed are one?
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