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Do Surety Bond Claims Affect Your License?
Surety bond claims can be concerning for auto dealers, but a claim does not automatically suspend or revoke your license. Most states are notified when a claim is filed, and repeated or unresolved claims may trigger a compliance review. Dealers are responsible for reimbursing the surety if a claim is paid, and failure to do so can affect future bond renewals and licensing. By responding quickly, resolving valid claims, and maintaining compliance, dealers can protect their lic

www.QUICKERBONDS.com
4 days ago2 min read
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