Vermont · Surety Bond Resource Center

Vermont surety bonds

Vermont’s published statewide license bonds concentrate at the Department of Motor Vehicles for new and used motor vehicle dealers and at the Department of Financial Regulation for chapter 73 lending and mortgage credentials, money transmitters, and debt adjusters. Dealer security under 23 V.S.A. § 453(g) runs twenty thousand to thirty-five thousand dollars by prior-year unit sales on the Commissioner’s VD-114 schedule, with a letter of credit or assigned certificate of deposit accepted instead of a surety. Licensed lenders, mortgage brokers, and loan solicitation companies size bonds under 8 V.S.A. § 2203 by Vermont origination volume, with sixty-day cancellation notice and an optional single bond for multiple offices. Money transmitters follow 8 V.S.A. § 2541’s average-daily-liability formula from one hundred thousand dollars up to two million dollars, with a deposit alternative and claims that can be filed for at least five years after leaving the Vermont money-services market. Debt adjusters post at least fifty thousand dollars under 8 V.S.A. § 2755. Residential contractor registration and notary commissions rely on other financial-responsibility tools—not statewide license bonds—in this commercial-core set.