045-5 Wyo. Code R. §§ 5-4 - Vehicle Dealer and Manufacturer Bonds
(a) A new bond shall
be posted with the annual application renewal. Bond continuation certificates
shall be accepted if the legal ownership and bond number are the same as the
previous licensed year.
(b) A
department finding that the dealer or manufacturer practiced fraud; made any
fraudulent representation; or violated any statute, rule, or regulation
relating to business conduct for which the dealer or manufacturer license is
issued may result in forfeiture of the full surety bond amount.
(c) Failure to surrender a dealer or
manufacturer license, dealer or manufacturer plates, or electronic temporary
license permit seals upon closing or going out of business shall result in bond
forfeiture at the department's discretion.
Notes
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