CHAPTER 261 CERTIFICATES OF TITLE AND REGISTRATION OF VEHICLES
Dealer's Bond Requirement
Section 261:100
261:100 Amount of Bond Required. –
I. Except as provided in RSA 261:101, each dealer shall be required to file annually, a bond in accordance with RSA 261:98.
(a)
under one year
$20,000
(b)
over one year, but less than 2 years
$15,000
(c)
over 2 years
$10,000
II. A separate bond shall be required for each different name under which the dealer conducts his business and for each community in which the dealer has a place of business in the amounts required in RSA 261:100, I. Past business experience, prior to January 1, 1988, shall be taken into account in determination of the amount of the bond required.
III. Any dealer which is covered by an association bond as provided in RSA 261:101 shall only be covered under one name in one community. A dealer covered under RSA 261:101 who has a place of business in more than one community shall file a separate bond as provided in this section for each separate community in which he operates.