Occupational and Business Licensing
555 Wright Way
Carson City, Nevada 89711
(775) 684-4690
www.dmvnv.com
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VEHICLE INDUSTRY BUSINESS LICENSE BOND
Bond Number
License Type:
Broker
Dealer/Rebuilder/Lessor
Distributor
Manufacturer
Off-Highway Vehicle
KNOW ALL MEN BY THESE PRESENTS:
That , as principal,
(Individual or Corporate Name and Name Doing Business as)
located in the County of , State of Nevada, obligee, and
, a corporation organized and existing under and by virtue of the
(Name of Surety)
laws of the State of , and authorized to transact a surety business in the State of Nevada, as surety,
are held and firmly bound unto the State of Nevada in the penal sum of THOUSAND DOLLARS for the payment
of which well and truly to be made we hereby bind ourselves, our respective heirs, administrators, executors, successors
and assigns jointly and severally, firmly by these presents:
To be effective on the day of , 20
THE CONDITION OF THIS OBLIGATION IS SUCH THAT:
WHEREAS, the above-named principal has been licensed to carry on or conduct in this State the business of
buying, selling, transporting, manufacturing, distributing, brokering or dealing in new or used vehicles, trailers, motorcycles
or semitrailers; and
WHEREAS, the above-named surety herein agrees that any consumer, as defined in NRS 482.345, injured by the
action or actions of the principal and/or his salesmen involved in any fraud or fraudulent representation or in violation of any
of the provisions of Chapter 482 or Chapter 490 of the Nevada Revised Statutes or Nevada Administrative Codes may bring
action in said injured person’s own name against the said surety. This bond is continuous in form and the total aggregate
liability of the bond is limited to the payment of the total amount of the bond. In the event of a dispute of a claim by the surety
company, application may be made to the Director, Department of Motor Vehicles for good cause shown. After notice and
hearing, the director may authorize payment of funds from here said surety coverage.
