Bond of Motor Vehicle Dealer - Third Party Program
This bond is required for motor vehicle dealers in Utah who participate in third-party licensing programs. It protects the State of Utah and consumers if the dealer breaks state laws or regulations while handling vehicle sales, registrations, or title work. If the dealer acts dishonestly, fails to follow proper proced…
Overview
What it is.
This bond is required for motor vehicle dealers in Utah who participate in third-party licensing programs. It protects the State of Utah and consumers if the dealer breaks state laws or regulations while handling vehicle sales, registrations, or title work. If the dealer acts dishonestly, fails to follow proper proced…
Who usually needs it
Motor vehicle dealers licensed in Utah, specifically new or used motor vehicle dealers (including large trailer dealers) and motorcycle or small trailer dealers, must obtain this bond for obtaining or renewing a dealer license from the Utah Motor Vehicle Enforcement Division (MVED). The bond provides financial protection to ensure dealers comply with state …
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 de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateUTBond amount$20,000ObligeeState of UtahBond classLicense BondCategoryOtherBondBond of Motor Vehicle Dealer - Third Party ProgramPlain descriptionThis bond is required for motor vehicle dealers in Utah who participate in third-party licensing programs. It protects the State of Utah and consumers if the dealer breaks state laws or regulations while handling vehicl…Who needs this bondMotor vehicle dealers licensed in Utah, specifically new or used motor vehicle dealers (including large trailer dealers) and motorcycle or small trailer dealers, must obtain this bond for obtaining or renewing a dealer …
