In short, insurance protects your business, while a surety bond protects your customers. You will pay a small percentage of this amount. To see what you'd pay for your bond, get a free quote below: Once you purchase your bond, the surety bond company will mail it to you. You will need to include the original bond in your license paperwork. Step 4: Wait for a decision to be made It could take up to 2 months for your MA Dealer License forms to be processed and approved.
If your application is not accepted , you will be notified, via mail indicating the reason for rejection. The State Police will make no more than 3 attempts to conduct an investigation. If you receive a message from the State Police, call them back immediately. If the investigation has not been conducted after 3 attempts, your application will be rejected and you will need to reapply.
Ensure you have reviewed the list of General Requirements and have met all the guidelines. The list of General Requirements is provided with the application, and also sent with your application acceptance letter. Within 1 week of the inspection date, you will receive a Registration Application Card at your business address if the site inspection has been acceptable and your application approved by the Registrar. This card requires an Insurance stamp.
Once you return the stamped card, and pay the appropriate fees, you will be issued a General Registration and plate s. This process can be completed either in person at 25 Newport Avenue Extension, Quincy Headquarters, or by mail. Definition of a Dealer A " Dealer " is defined as any person who is engaged principally and substantially in the business of buying, selling, or exchanging motor vehicles, trailers, or motor vehicle bodies and maintains a facility dedicated to carrying out said business and except for a person who exchanges such vehicles on a wholesale basis, is open to the public.
Excise Information A separate excise tax law applies to "dealers. Open PDF file, Feedback Did you find what you were looking for on this webpage? Do you have anything else to tell us? Would you like to provide additional feedback to help improve Mass.
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Dealer Information To run a car dealership in Massachusetts, there are certain requirements and documentations necessary for your business. Skip table of contents. Show More Table of contents. Show Table of Contents. There is an available reassignment on any attached Dealer Reassignment form. This includes forms from another state. Always use the first available reassignment. Open PDF file, Repair plate A Repairer who is operating a vehicle owned by the repairer which is designed to draw, tow or transport motor vehicles and displays a compliance decal issued in accordance with CMR Trailer A trailer is defined as: "Any vehicle or object on wheels and having no motive power of its own, but which is drawn by, or used in combination with, a motor vehicle.
Tow dolly A tow dolly is defined as: "A portable, collapsible or separate two-wheel tow dolly limited only to the purpose of transporting or towing a registered vehicle.
It takes approximately four to six weeks to process licenses. Click here for the Massachusetts General Law description of the license classes. A Massachusetts MVD Bond protects your customers from fraud or misrepresentation during a business transaction.
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