Discounted Dealer Bond Program

Overview

Offered exclusively to NHADA members, several state-required bonds are offered at a deeply discounted rate. While the premiums vary by surety company, it is estimated this program saves members over $100 annually.

Dealer Bonds (as required by RSA 261:98):

This program is offered to any member who meets the criteria required through the application process, obtains a credit report, and if applicable, has the necessary financial statements reviewed.

• You must obtain this $25,000 bond to become licensed and do business in the state.
• The bond covers default or nonpayment of dealer checks for the purchase of vehicles; the failure of the dealer to provide the consumer with a valid title, free of all liens; the dealer’s intentional or knowing failure to disclose actual mileage; and stolen vehicles.

The premium for this $25,000 bond is:

• One-Year $125,
• Two-Year $188 (prepaid),
• Three-Year $313 (prepaid)

NEW! Retail Seller & Sales Finance Company E-Bonds (as required by RSA 361-A):

Following the recent amendment to New Hampshire's Motor Vehicle Retail Installment Sales Act, licensed retail sellers and sales finance companies are required to provide and maintain a surety bond of $25,000 as a condition for licensing. These bonds are handled electronically through NMLS.

• The bond serves as a financial safeguard for consumers who may suffer losses due to a dealer or finance company violating RSA 361-A, the Motor Vehicle Retail Installment Sales Act. If a consumer is harmed due to fraud, misrepresentation, or non-compliance with financing agreements, they may be able to make a claim against the bond.

Retail Seller & Sales Finance Company E-Bond premium:

• One-Year Only $125