How To Get A New Hampshire Car Dealer License – 6 Easy Steps

new hampshire car dealer license

Any individual can legally sell up to 5 vehicles a year in New Hampshire, as long as those vehicles are titled in your name and used primarily for personal, family, or household use.

If you wish to flip vehicles for a profit in New Hampshire, you will need to get a New Hampshire Dealer License. 

Not sure if you need to get licensed? Check out this post on selling cars without a license.

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Man Putting Car Key In Womans Hand

The Surety Bond Claim Process For Car Dealers (And How To Avoid It)

motor vehicle dealer bond claim

A Motor Vehicle Dealer Bond (also known as an Auto Dealer Bond or Car Dealer Bond) is a type of surety bond that protects your customers.

If you fail to fulfill your obligations or follow rules and regulations, someone can make a claim against your bond.

Don’t have a Motor Vehicle Dealer Bond? Get one now.

If you are a licensed car dealer, you’ve probably gone through the process of obtaining a surety bond for your dealership. But what happens if a claim is made against your surety bond?

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Chain Around Wooden Poll

What Is A Temporary Restraining Order Bond?

temporary restraining order bond

 

A temporary restraining order (also known as a TRO) is a short-term court order issued by a judge which forbids a person from engaging with someone else. A TRO is a type of court injunction. Watch a video about court injunctions.

Temporary restraining orders are normally found in cases involving domestic violence, child abuse, divorce, harassment, and stalking. Temporary restraining orders are just as they sound: temporary. Generally, they are short-lived and only last a few days.

When a temporary restraining order is filed by a plaintiff, it can sometimes be discovered that the defendant suffered some sort of hardship or loss because of the TRO (such as lost wages or loss of family time, etc).

In order to prevent these losses from affecting the defendant, the court may sometimes order the plaintiff to file a Temporary Restraining Order Bond.

 

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Sealed Last Will And Testament Next To Alarm Clock And Glasses

What Is A Trustee Bond?

what is a trustee bond

Instead of passing on an estate outright, an individual might establish a trust or trusts for his/her beneficiaries.

  • A trust is a document that looks similar to a will. It gives instructions for how you want your property and assets to be handled and distributed to your beneficiaries.
  • A trust under a will is called a testamentary trust. A trust established while the individual is living is called an inter vivos trust.

The Trustee is the individual in charge of administering the trust. Normally, trustees are listed in a will, but anyone can be appointed as a trustee. 

Trustees might be required to secure a Trustee Bond before they start performing their duties.

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Court Room

What Is An Injunction Bond?

what is an injunction bond

What is an Injunction?

A court injunction is a judicial order that requires a person to do or stop doing something.

Plaintiffs can apply for a court injunction which requests the judge to prohibit the defendant from engaging or carrying out a specific act. Injunctions can also order the defendant to stop doing something that is damaging to the plaintiff.

There are three types of injunctions:

  • Temporary injunctions: Commonly known as a temporary restraining order or TRO. These are meant to be a short-term measure until something more long-lasting can be issued (such as a preliminary injunction).
  • Preliminary injunctions: Issued at the beginning of a lawsuit to prevent certain conduct, and remain in effect during a pending court case. These can sometimes turn into permanent injunctions.
  • Permanent injunctions: Issued as final judgements in a case, and preserve conduct permanently.

Before an injunction can be granted, the court might require the plaintiff to purchase an Injunction Bond.

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