DMV: Increase in Dealer Surety Bond Coverage

Changes in Dealer and Repairers Surety Bonds

***HOLIDAY CLOSING:  On Friday, March 30, DMV offices will be closed for the Good Friday holiday.  Offices will reopen on Saturday, March 31, at 8 a.m.

Effective July 1, 2011, Permits dealers or repairers to file Cash Bonds in place of Surety Bonds.

Effective October 1, 2010, law requires all current motor vehicle dealers in Connecticut to increase the surety bond coverage from $20,000 to $50,000 mandated by Section 14-52 of the Connecticut General Statutes.

Your bond company can execute a Surety Bond (form K-158), accompanying power of attorney with the Department of Motor Vehicles. You may send this document to:

Department of Motor Vehicles
Room 102, 60 State Street
Wethersfield, Connecticut, 06161

If you have any questions regarding this new motor vehicle dealer requirement, please contact the Regulated Business Licensing Unit at (860) 263-5056

Content Last Modified on 7/29/2015 11:04:09 AM