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Bond Cost Colorado  Form

Bond Cost Colorado Form

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[Music] in this video we explain what colorado auto dealer bonds are and how insurance agents can efficiently obtain them for their customers an auto dealer bond is a government required surety bond that protects the public from financial harm if the dealer violates the bond provisions the limit on the colorado auto dealer bond is fifty thousand dollars for motor vehicle dealers and fifteen thousand dollars for motor vehicle salespersons the bond is required for all colorado auto dealers and sales persons and is regulated by the colorado motor vehicle dealer board auto dealers are required to purchase this bond as a prerequisite to obtaining a business license the bond costs anywhere between one hundred and fifty dollars to three thousand five hundred dollars per year based on factors such as the applicant's credit score and years of experience to avoid claims against their bond dealers must ensure that they adhere to all regulations pertaining to their business license bond ex

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