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$50,000 Bond
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Why is a Montana Motor Vehicle Dealer Bond Required?
Pursuant to Montana Code Annotated § 61-4-126(1), any individual or legal entity suffering loss or damage due to the bonded principal's unlawful conduct may obtain a judgment from a court of competent jurisdiction to request collection on this bond. In order to be deemed valid, any judgment must include a specific loss or damage amount and properly conclude that the bonded principal's unlawful operation caused the loss or damage. The total aggregate liability of the Surety to any and all persons, regardless of the number of claims made against this bond or the number of years this bond remains in force including all renewals, will in no event exceed the amount.
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