Form OBL277 Vehicle Industry Business License Bond - Nevada

What Is Form OBL277?

This is a legal form that was released by the Nevada Department of Motor Vehicles - a government authority operating within Nevada. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form OBL277?A: Form OBL277 is a Vehicle Industry Business License Bond in Nevada.

Q: What is the purpose of Form OBL277?A: The purpose of Form OBL277 is to provide a bond for businesses applying for a Vehicle Industry Business License in Nevada.

Q: Who needs to obtain Form OBL277?A: Businesses applying for a Vehicle Industry Business License in Nevada need to obtain Form OBL277.

Q: What does Form OBL277 guarantee?A: Form OBL277 guarantees that the licensed business will comply with all provisions of the Nevada Revised Statutes relating to vehicle sales and leasing.

Q: How much is the bond amount for Form OBL277?A: The bond amount for Form OBL277 is set by the Department of Motor Vehicles of Nevada and can vary depending on the type of license.

Q: How long is Form OBL277 valid?A: Form OBL277 is valid for one year and must be renewed annually.

Q: What happens if a business fails to comply with the bond terms?A: If a business fails to comply with the bond terms, a claim can be filed against the bond to provide compensation for damages or losses.

Q: Can Form OBL277 be cancelled?A: Yes, Form OBL277 can be cancelled by the surety bond company. However, the cancellation must be done in accordance with the Nevada Revised Statutes.

Q: Are there any exemptions from Form OBL277?A: Yes, there are exemptions from Form OBL277, such as government agencies and certain other entities as defined by the Nevada Revised Statutes.