Township Requiring Bond

[Mother Bond]

I currently have an auto dealer bond that I've filed with the State. Now I need to get a seperate dealer license bond that the local township requires to operate within it's municipality. If I file this second bond with them, will it void my current bond with the State?

[Surety Queen]

Originally Posted by Mother Bond

I currently have an auto dealer bond that I've filed with the State. Now I need to get a seperate dealer license bond that the local township requires to operate within it's municipality. If I file this second bond with them, will it void my current bond with the State?

Absolutely not - you can have two bonds with two different obligees. Feel free to submit another application on our website.

[h2o]

I submitted an application for this type of bond and now I'm being asked to fax in a blank bond form. I checked with the township and they don't have a specific bond form. What should I do?

[Surety Queen]

Originally Posted by h2o

I submitted an application for this type of bond and now I'm being asked to fax in a blank bond form. I checked with the township and they don't have a specific bond form. What should I do?

Check with your agent - it's possible that the township will accept a generic license & permit bond form. Your agent can provide you with a copy so you can submit it to the Township to see if they will accept it.

[Bond Magician]

Originally Posted by Surety Queen

Check with your agent - it's possible that the township will accept a generic license & permit bond form. Your agent can provide you with a copy so you can submit it to the Township to see if they will accept it.

What if the bond is issued on a generic license & permit bond form and submitted to the obligee, then it turns out that there is a special bond form that they have on file?

[Surety Queen]

Originally Posted by Bond Magician

What if the bond is issued on a generic license & permit bond form and submitted to the obligee, then it turns out that there is a special bond form that they have on file?

That's why I suggested that the Obligee be shown the generic bond form to be sure they will approve. If, even after running it by the Obligee, there are special forms, we would have to make Surety is ok with them and would then issue a new bond - but the old one would have to be returned.