Form TA-VD-114 Motor Vehicle Dealer Bond - Vermont

What Is Form TA-VD-114?

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

FAQ

Q: What is Form TA-VD-114?
A: Form TA-VD-114 is the Motor Vehicle Dealer Bond form for Vermont.

Q: What is a Motor Vehicle Dealer Bond?
A: A Motor Vehicle Dealer Bond is a type of surety bond that motor vehicle dealers must obtain to protect customers and the state.

Q: Who needs to file Form TA-VD-114?
A: Motor vehicle dealers in Vermont who want to obtain or renew their dealer license.

Q: What is the purpose of Form TA-VD-114?
A: Form TA-VD-114 is used to apply for or renew a motor vehicle dealer license in Vermont.

Q: How much is the bond amount for Form TA-VD-114?
A: The bond amount for Form TA-VD-114 is $20,000.

Q: Are there any other requirements for motor vehicle dealers in Vermont?
A: Yes, motor vehicle dealers in Vermont must also provide proof of liability insurance, a completed application, and the required fee.

Q: What happens if a motor vehicle dealer fails to obtain the bond?
A: Failure to obtain the required bond could result in the denial or revocation of the dealer's license.

Q: How long does it take to process Form TA-VD-114?
A: Processing times may vary, but it typically takes a few weeks for the application to be reviewed and approved.