Pennsylvania MV Sales Finance Company Bond

Pennsylvania MV Sales Finance Company Bond

We write $5,000 MV Sale Finance Company Bonds in Pennsylvania.
Our GOOD CREDIT price is $100.

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Pennsylvania M.V. Sales Finance Company Bonds are required by the Pennsylvania Department of Banking, Licensing Division. The required bond amount is $5,000.

A collector-repossessor license is required by any person, acting as an independent contractor and not as a regular employee of an installment seller or sales finance company, who collects payments or installment sale contracts or repossesses motor vehilces, which are the subject of installment sale contracts.

Motor Vehicle Sales Finance Company licenses expire 9/30 of each year. All bonds must be renewed and filed with the Department of Banking, along with the submission of the license renewal, no later than September 15th of each year.

Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.

We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.

We find the best possible price for your surety bond given your particular qualifications.

Additional information about this corporate surety bond requirement is as follows:

Obligee - Pennsylvania Department of Banking, Licensing Division
Bond Amount - $5,000.00
Bond Premium - $100.00
Renewal Document - Renewal/Continuation Certificate required.

Preview Bond Form

Click on the No Obligation Quote button to complete our simple, one-page online bonding application. Completing the following application allows the underwriters at BondAbility to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond with your personalized quote within the hour!

Contact Info

First Name *

Last Name *

Email *

Phone *

Fax

I am an ...

Insurance Agent

Applicant

Attorney

Other

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Applicant Info

Applicant Name (Exactly as to appear on bond or license) * _{Most Obligee's require that the name on the Bond EXACTLY match your license or license application.}

Type of Entity

Sole Ownership

Corporation

Partnership

LLC or LLP

Business Address *

City *

State * Select your State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Dist of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Zip Code *

Do you have or need other bonds

Effective Date *

Bond Amount *

Please indicate any ownership changes in the last 12 months

Previous surety (if any)

Reason for changing surety

Has the business or any of the owners been involved in:

Had any lawsuits, liens or judgements against them?

Yes

No

Ever failed in business or declared bankruptcy?

Yes

No

Ever been convicted of a crime?

Yes

No

Ever had their business license suspended, revoked or denied?

Yes

No

Ever been party to a surety bond claim?

Yes

No

Ever had a bond declined or cancelled?

Yes

No

If yes to any, please explain

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Personal Info

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Additional Documents

If there are documents that you would like to upload for our review, please upload them below

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By submitting this Application, the owners listed above hereby authorize BondAbility, (including any of its representatives affiliates, agents or designees) to conduct any and all investigative inquiries including but not limited to obtaining consumer credit reports. Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false, incomplete, or misleading information, or conceals information concerning any material fact whereto, commits a fraudulent insurance act, which is a crime punishable by incarceration, and shall also be subject to civil penalties

Please check the box above.

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