Motor Vehicle Brokers operating in the State of Illinois are required by the Illinois Secretary of State to execute an Illinois Motor Vehicle Broker Bond to ensure compliance with licensure.
Bonds Express offers an Illinois Motor Vehicle Broker Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Illinois Motor Vehicle Broker Bond holds you accountable for your business decisions.
By possessing an Illinois Motor Vehicle Broker Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.