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Auction Bond

An Auction Bond is required for businesses that conduct vehicle auctions in Oklahoma. This $50,000 bond protects the Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission and ensures auction operators follow state laws and regulations. If an auction business violates rules, engages in fraud, or …

Bond amount$50,000
State or jurisdictionOklahoma
ObligeeOklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Amounts can vary

Selected requirement: $50,000. Other available requirements: "$50,000; however, an applicant who provides proof of check and title insurance in an amount not less than $50,000 shall only be required to have a bond in the amount of $25,000.". Exact options still depend on the obligee, state, and underwriting.

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Overview

What it is.

An Auction Bond is required for businesses that conduct vehicle auctions in Oklahoma. This $50,000 bond protects the Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission and ensures auction operators follow state laws and regulations. If an auction business violates rules, engages in fraud, or …

Who usually needs it

Any person applying for a used motor vehicle dealer's license for the purpose of conducting a used motor vehicle auction.

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

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Helpful guidance, a real agency team, and a clear path from research to application.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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