Form Mv-373 - Out Of State Leasing Company Bond Page 2
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4This bond shall be considered as being continuous in nature, except that, in the event that this bond is
cancelled, or not renewed for any reason, the Surety shall notify the Bureau of Motor Vehicles, Manager of the
Regulated Client Services Section, Riverfront Office Center, 1st Floor, 1101 S. Front Street, Harrisburg, PA 17104-
2516, and the Principal, at least sixty (60) days prior to the date such action is to be taken. No cancellation shall take
effect until a period of at least sixty (60) days has elapsed from the date of the notice given to the Bureau of Motor
Vehicles.
If the Principal and/or Surety shall fail to keep any promise under this Bond, the Principal and Surety
authorize and empower any attorney of any court of record within the United States, or elsewhere to appear for
PennDOT and confess judgment against the Principal and/or Surety in favor of PennDOT. The Principal and Surety
further authorize PennDOT to permit any other person to so confess judgment if PennDOT believes such person has
been adversely affected by failure to keep any promise under this Bond, as often as necessary, as of any term, with
or without declaration filed, without stay of execution and without presentment, for such sum or sums as may be
payable, together with costs of suit and attorney fees, and with release of all errors. Principal and Surety waive
inquisition on any real estate and exemption of any property whatsoever, and authorize condemnation of same and
immediate issuance of a Writ of Execution, or exemption, and release and waive relief from any and all
appraisement, stay of execution, or exemption laws of any state or nation, now in force or hereinafter to be passed,
to the extent such statutes may be waived.
NOTE: Pennsylvania Statutes (71 P.S. Section 240.19A and 75 Pa C.S. Section 1957) authorize PennDOT to collect
an uncollectible check penalty fee of $20 for each check returned to PennDOT, and a fee of $38 for each driver’s
license, vehicle registration, replacement of tags, transfer of vehicle registration, certificate of title, whether original
or duplicate, and each other unit of issue by PennDOT plus all protest fees to cover the cost of collection.
Payment Procedure
In the event a claim is made on this bond the following procedure shall be employed.
1. The Surety shall hold claims in abeyance for a period of ninety (90) days commencing either on the date such
claim is filed by the Commonwealth or the date on which the Surety notifies the Commonwealth of a claim filed by
any person. Such notification shall be made to the Bureau of Motor Vehicles, Manager of the Regulated Client
Services Section, Riverfront Office Center, 1st Floor, 1101 S. Front Street, Harrisburg, PA 17104-2516. This
notification shall include the name of the individual claimant, the reason for the claim and the amount of the claim.
The Surety shall not provide the Commonwealth or any private individual with any remuneration until the end of the
ninety (90) day period.
2. At the end of the ninety (90) day period, if the claims exceed the amount of the bond limit, payment will be made
in the following manner: In all cases the Commonwealth shall have priority and be paid in full before any private
claims. The balance of the bond amount, if any, will be divided pro rata amount the private claimants. If, at the end
of the ninety (90) day period the total amount of all claims filed does not exceed the bond limit, then all claims
covered will be paid in full.
3. Any claims filed after the ninety (90) day period has expired shall be paid from the remainder of the bond amount,
if any. The date on which the claim has been filed shall determine the order in which payment shall be made. Those
claimants who have filed at the earliest date after expiration of the ninety (90) day period shall have priority.
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