INDIANA DEALER BOND REQUIREMENTS
Effective July 1, 2009, Indiana House Bill 1376 mandated that Motor Vehicle Dealers must furnish proof that they have a $25,000 bond before obtaining or renewing their dealer license. IIADA members receive reduced rates on purchase of the Bond as required by the state of Indiana.
As of July 1, 2010 Senate Enrolled Act 117 eliminates a Wholesale, Transfer or Automotive Mobility Dealer who was licensed under Indiana Code 9-23-2 prior to JULY 1, 2009, from the mandatory requirment of having a $ 25,000 Surety Bond to maintain a valid Indiana Dealers License.
For more information, call the IIADA office at 800.310.3112 or click below to contact us via email:
