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Motor Vehicle Dealer Bonds - Financial requirements for a bond


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Old 11-09-2006, 01:38 PM
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Default Financial requirements for a bond

I have excellent credit (~755) and am a homeowner. Could someone please provide a ballpark estimate of what financial requirements (real estate holdings, cash on hand, etc) I would be required to have to obtain a $100,000 bond?

Thanks in advance.
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Old 11-09-2006, 03:23 PM
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Join Date: Jan 2005
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Sandy,

Unfortunately, we can not discuss surety underwriting requirements. However, we have an excellent article on our blog that might answer some of your questions:

Surety Bonds: Obtaining the lowest rate 1/2
and
Surety Bonds: Obtaining the lowest rate 2/2


Let me know if you have any further questions.


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