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What will happen if I don’t post a bond for a Class 2 Dealers License?

April 26, 2017Bond class Dealers don’t license

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What will happen if I don’t post a bond for a Class 2 Dealers License?

1 Answer

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The town must have a copy of the dealer’s bond or an alternative that will be accepted, such as a certificate of deposit or irrevocable letter of credit equal to the bond amount, upon submission of the application for a new license or license renewal. Failure to provide these will result in the town denying the issuance of a current-year license.