Form Itd 3170 - Application For Vehicle Or Vessel Dealership License Page 4
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4ITD 3170 (Rev. 07-17)
Vehicle Or Vessel Dealer Bond
itd.idaho.gov
Number ______________________
Executed pursuant to demand for Security under the Dealer and Salesman Licensing Act, Chapter 16 Title 49 Idaho Code.
KNOW ALL MEN BY THESE PRESENTS, that I/we (owner's name) _____________________________________________________ DBA
(dealership's
name)
__________________________________________________________________________________________
as
Principal,
and
________________________________________________________________________________________________,
a
corporation duly authorized to transact surety business in the state of Idaho are jointly and severally held and firmly bound unto the state of
Idaho to indemnify persons, firms, or corporations for loss suffered by reason of violation of the conditions hereinafter contained.
The amount of this bond is ________________________________________________________________________________________
($40,000 bond for all wholesale-only dealers, $20,000 bond for all retail dealers, unless selling only motorcycles, ATVs, UTVs, or
snowmobiles for which the bond is $10,000).
The conditions of this obligation are that:
• The Principal shall not practice any fraud, make any fraudulent representation or violate any of the provisions of Chapter 16 Title 49 Idaho
Code or rules and regulations promulgated by the Idaho Transportation Department; or the provisions of Chapters 2, 4 and 5 Title 49 Idaho
Code; Idaho Code 49-1418; Chapter 6 Title 48 Idaho Code; or federal motor vehicle safety standards or odometer fraud during the time said
Principal is licensed as a dealer.
• The Surety may terminate this bond in its entirety by giving 30 days written notice by certified mail to the Idaho Transportation Department
in Boise, Idaho. A copy of said notice of termination shall be sent by certified mail by the Surety to the Principal hereunder.
In case of such cancellation by the Surety, no further obligation shall be incurred under this bond after the expiration of said 30 days, but the
liability of the Surety shall apply as above set out as to any acts or omissions that may have occurred prior to the effective date of such
cancellation.
• The aggregate liability of the Surety shall be limited to the amount of this bond, regardless of the number of years this bond shall remain in
effect and regardless of the number and amount of claims made thereon.
The above-named Principal may be issued a dealer's license, pursuant to the provisions of the Dealer and Salesman Licensing Act, Chapter 16
Title 49 Idaho Code.
IN WITNESS WHEREOF, we have set our hands and seals this _____________ day of _____________________________, ________.
Principal
Surety
Type or Print Name
Type or Print Name
Signature
Signature
X
X
Dealership’s Location
Address
Idaho Phone Number
Phone Number
Acknowledgement of Surety
STATE OF _____________________________________ )
§:
)
COUNTY OF ___________________________________ )
On this __________ day of _______________________
______, before me, a Notary Public in and for said county, personally appeared
_________________________________________________________________________________, personally known to me, who being
personally sworn, did say that (s)he is the duly sworn representative of the __________________________________________________, a
corporation duly organized and existing under the laws of the state of _______________________________, that the seal affixed to the
foregoing instrument is the corporate seal of said corporation, that the said instrument was signed, sealed, and executed on behalf of said
corporation by authority of its Board of Directors, and further acknowledges that said instrument and the execution thereof be the voluntary act
and deed of said corporation.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal the day and year last above written.
X
Notary Public Signature
(SEAL)
Residing at
My commission expires
,
Page 4 of 4
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