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Why is a Wyoming Motor Vehicle Dealer Bond Required?
The surety bond is for Wyoming motor vehicle dealers as defined by W.S. 31-16-101 (a) (xviii) and pursuant to W.S. 31-16-103. The bond is required by the Wyoming Department of Transportation for a license to operate as a vehicle dealer for the purpose of guaranteeing the applicant does not practice any fraud, fraudulent misrepresentations or violate any federal or state law, rules or regulations relating to the conduct of the business. Additionally, the bond ensures that the principal return the dealer license, full use and demo license plates and temporary permits issued.
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