|
Motor Vehicle Dealer
The State of Minnesota requires motor vehicle dealers to post a $50,000 bond. Those dealers who sell only boats, snowmobiles, or trailers need only post a $5,000 bond.
Regulating Department Contact:
Minnesota Department of Public Safety
Dealer Unit
445 Minnesota Street, Suite 186
St. Paul, MN 55101
(651) 296-2977
Statutes:
Minnesota Statutes 168.27
Rules:
Minnesota Rules 7400.0100 – 7400.6000
Underwriting Requirements:
- Apply for bond HERE
- For marginal credit scores, business & personal financial statements
|