New surety bond requirement singed into law in the state of Indiana for Automotive Mobility dealers.

This new MVD bond requirement requires dealers to be licensed with the secretary of state to sell, service or install adapted vehicles. This new bond law will require the following trades  automobile auctioneer, a converter manufacturer, a dealer, a distributor, a distributor branch, a distributor representative, a factory branch, a factory representative, a manufacturer, a transfer dealer, a wholesale dealer or an automotive mobility dealer;  obtain  a $25,000 Bond. The bond will be covering the state and secure payment of fines, penalties, costs ans fees assessed by the secretary of state.