Form Mv-373 - Out Of State Leasing Company Bond
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4MV-373 (1-15)
OUT-OF-STATE LEASING COMPANY BOND
Bureau of Motor Vehicles • Regulated Client Services Section • P.O. Box 68283 • Harrisburg, PA 17106-8283
www dmv state pa us
OUT-OF-STATE LEASING COMPANY NUMBER ______________________
BOND NUMBER ______________________
,
Name of Principal
,
located at
Street
City
State
Zip Code
County
(NOTE: If there are any branch offices, check here _____ and list them at the bottom of the last page, or attach a
list), as Principal,
,
and
Name of Surety Company
,
located at
Street
City
(
)
,
State
Zip Code
County
Telephone
a corporation incorporated under the laws of the State of _________________________________, authorized to
do business in the Commonwealth of Pennsylvania, with a Pennsylvania main office located at
,
Street
City
State
Zip Code
as Surety, are held bound unto the Commonwealth of Pennsylvania (Commonwealth), and to any person who shall
enter into any transaction with the Principal in the Principal’s official capacity as authorized by the Commonwealth,
as obligees in the full and just sum of $10,000 to be paid to the Commonwealth or its assigns, to which payment we
do hereby bind ourselves jointly and severally, our heirs, executors, administrators, successors and assigns.
Signed and sealed on __________________________________.
Date
Whereas the Principal is applying for designation as an Out-of-State Leasing Company in the corresponding
department laws/regulations:
NOW, THEREFORE, the conditions of this obligation is that if the Principal, during the term of this bond
or any renewal, in conduct of the business of out-of-state leasing company shall comply with the provisions of
the law and regulations governing the conduct of such business and shall not cause any monetary loss to the
Commonwealth in connection with the business limited to fees, sales tax and monetary penalties, then this
obligation shall be null and void; otherwise it shall remain in full force, virtue, and effect.
This bond shall cover all transactions entered into pursuant to the authorization granted to the Principal by
the Commonwealth in the course of the authorized business of the Principal. However, any claims presented after
the amount of the bond limit has been exhausted may be denied for lack of adequate coverage under the bond.
The Commonwealth may assign its interest in this bond to any person who shall make a claim against the
bond. In such a case, the Commonwealth may release the Surety from liability to the Commonwealth.
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