Wash. Admin. Code § 308-90-160 - Bond exemption
How can I be exempt from the requirement for a surety bond?
(1) Applicants or registered
vessel dealers desiring to be exempt from the bonding requirement must provide
a statement to the department that they sell fifteen or fewer vessels per year
none of which has a retail value of more than two thousand dollars
each.
(2) Registered vessel dealers
who have stated that they qualify for the exemption shall immediately file the
required surety bond with the department at the time their sales exceed the
statutory exemption number or value. Failure to file the bond will subject the
vessel dealer to penalties prescribed in RCW 88.02.188.
Notes
Statutory Authority: RCW 88.02.100. 02-05-073, § 308-90-160, filed 2/20/02, effective 3/23/02; 96-24-042, § 308-90-160, filed 11/27/96, effective 12/28/96. Statutory Authority: 1987 c 149 § 1. 88-03-038 (Order DLR-162), § 308-90-160, filed 1/19/88.
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