Delaware Motor Vehicle Sales Finance Companies are required under the Delaware Code Section 2914(a), Title 5 to file a Delaware Motor Vehicle Sales Finance Company Surety Bond as a condition of licensure.
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 Delaware Motor Vehicle Sales Finance Company Surety Bond holds you accountable for your business decisions.
By possessing a Delaware Motor Vehicle Sales Finance Company Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.