Rhode Island § 31-23.2-12 § 31-23.2-12. Dealers — Bonding.

Rhode Island Statutes

§ 31-23.2-12 — § 31-23.2-12. Dealers — Bonding.

Rhode Island § 31-23.2-12

Title 31Motor and Other vehicles

Ch. 31-23.2Tampering with Odometers

This text of Rhode Island § 31-23.2-12 (§ 31-23.2-12. Dealers — Bonding.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 31-23.2-12 (2026).

Text

§ 31-23.2-12. Dealers — Bonding.
All motor vehicle dealers licensed by the state of Rhode Island shall post a bond
            of not less than fifteen thousand dollars ($15,000) with the Rhode Island motor vehicle
            dealers license commission for the purpose of indemnifying a good faith purchaser
            who suffers any loss occasioned by a violation of the general laws or the rules and
            regulations of the commission. The bond shall be renewed annually and shall continue
            in effect for two (2) years after any dealer goes out of business.
         

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§ 31-23.2-12. Dealers — Bonding.

All motor vehicle dealers licensed by the state of Rhode Island shall post a bond of not less than fifteen thousand dollars ($15,000) with the Rhode Island motor vehicle dealers license commission for the purpose of indemnifying a good faith purchaser who suffers any loss occasioned by a violation of the general laws or the rules and regulations of the commission. The bond shall be renewed annually and shall continue in effect for two (2) years after any dealer goes out of business.