License Modifications
ISBA is an independent agency specializing in Dealer Bonds and Garage Liability insurance that assists dealers in meeting the DMV mandated insurance requirement policies.
Read more about the state requirement on this page or click below to receive a personalized same-day quote.
Officer Changes
DCS offers many license-based services including help with dealer licenses, finance licenses, and renewals.
Amendments
Additional corporation help—whether you want to change, add, or remove, a location, officer, or relinquish your license entirely.
Location Changes
We provide the best rates for Motor Vehicle Dealer bonds (Surety Bonds) and Garage Liability insurance—geared toward dealers.
Frequently Asked Questions
What's a modification?
A Surety Bond is a legally binding contract that ensures obligations will be met between three parties: The Principle; whoever needs the bond; the Obligee, the one requiring the bond; and the Surety, the insurance company guaranteeing the principal can fulfill the obligations.
How can I remove an officer from my corporation?
A Surety Bond is a legally binding contract that ensures obligations will be met between three parties: The Principle; whoever needs the bond; the Obligee, the one requiring the bond; and the Surety, the insurance company guaranteeing the principal can fulfill the obligations.
What if I change my dealership location?
At minimum, Department of Motor Vehicle (DMV) requires all dealers to obtain 1.) a bond or irrevocable letter of credit in the amount of $25,000 and basic garage liability coverage in the amount of $30,000 liability and $10,000 in personal injury protection (PIP).
Is there a difference between a corporation update and a license modification?
Changes to a dealer license are typically a two-part process—one refers to the corporation which is updated by the Division of Corporations and the other refers the actual dealer license which is revised with the Department of Motor Vehicles.
When does my bond have to be renewed?
Dealer licenses for Independent and Wholesale Dealers (VI & VW) are renewed yearly on April 30th.
Contact Us
By Phone
Our process is streamlined to minimize the time needed from our customers, in order to get your bond as f
By Text
Dealer bonds are our specialty, therefore, our process is designed with the dealer—and only the dealer—in mind.
In Person
Renew your dealer bond and get processed and scheduled for Continuing Education at the same time.