$500 is your GOOD CREDIT PRICE for a Nevada Motor Vehicle Salvage Pool Bond.
If you are engaged in which you obtain motor vehicles on consignment or as an insurance settlement in the State of Nevada, you are required by the Nevada Department of Motor Vehicles to execute a Nevada Motor Vehicle Salvage Pool Bond in the amount of $50,000 to ensure compliance with Section 487.400.2 of the Nevada Revised Statutes.
Bonds Express offers a Nevada Motor Vehicle Salvage Pool 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 Nevada Motor Vehicle Salvage Pool Bond holds you accountable for your business decisions.
By possessing a Nevada Motor Vehicle Salvage Pool Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.