West Virginia Statutes
§ 17A-6B-2 — Applicant must be bonded
West Virginia·Ch. 17A MOTOR VEHICLE ADMINISTRATION, REGISTRATION, CERTIFICATE OF TITLE, AND ANTITHEFT PROVISIONS·Art. 6B LICENSE SERVICES
An application for a license certificate must be accompanied by a bond in the penal sum of $25,000 and have a corporate surety authorized to do business in this state, to ensure that the applicant will not, in the conduct of his or her business, make any fraudulent representation which shall cause a financial loss to any purchaser, seller, financial institution, agency, or the State of West Virginia. The bond shall be effective on the date the license certificate is issued.
A licensee shall keep the bond in full force and effect at all times. The aggregate liability of the surety in no event shall exceed the principal sum of the bond. The surety on such bond shall have the right to cancel such bond upon giving thirty days notice to the commissioner and thereafter shall be relieved of liab
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Legislative History
2007 Reg. Sess., HB2028; 1990 Reg. Sess., HB4540
Nearby Sections
15
§ 17A-1-1
Definitions§ 17A-10-12
When fees returnable§ 17A-10-16
Fee for the A. James Manchin Fund§ 17A-10-3b
Motorcycle safety fee