What is a Consumer Goods Repair Dealer License Bond?
A Consumer Goods Repair Dealer License Bond is a type of corporate surety bond required by the Business Service Division of the District of Columbia for all applicant dealers applying to legally operate in the District.
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The corporate surety bond is mandated pursuant to the Consumer Goods Repair Regulation of the District of Columbia in the amount of $2,000 or $5,000 in coverage. The surety bond protects any customer of the consumer repair dealer who is damaged by the bonded principal's willfull violation of district regulations
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