Georgia businesspersons who deal in used auto parts must furnish the Georgia State Board of Registration --- the Used Motor Vehicle Division with evidence of an original $10,000 surety bond.
This $10,000 surety bond will cost you as little as just $100, annually and is available from our agency as a new or renewal surety bond.
By statute, the Georgia used parts dealer bond expires on December 31st of every odd year.
The purpose of the Georgia used parts dealer bond is to protect the state of Georgia – and its residents – from any acts of fraud with respect to the title, or breaches of warranty (this is found on the wording of the bond itself).
The bond is therefore a financial guarantee that a licensed used parts dealer will be in compliance with all rules and statutes regulating business conduct, particularly
While this surety bond is required for licensing as used parts dealer with the state of Georgia, it should never be confused with an insurance policy.
The bond, while required of you, only protects the state of Georgia and the residents. It does not protect you at all.
As the bond’s principal, you are also legally liable to reimburse the surety for any claims paid against your surety bond were that ever the case.
Obtaining the GA used parts dealer bond is simple enough.
After submission of an application, a credit check is run to determine the bond’s premium.
While the bond’s lowest premium amount is $100 annually, that amount may be affected by information supplied on the application or on your credit report.
Our agency, however, works to find you the best surety bond pricing available to fit your needs.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court, and fiduciary bonds throughout Georgia.
Our agency also provides surety bonds nationwide.
Please call AmeriPro Surety Bonds today for your used parts dealer bond at:
Or, you may fill out our form below and an agent will contact you