Corporate Surety Bond (for Consumer Goods Repair Dealers)
All applicants for a Basic Business License for a Regulated Business with a Consumer Goods Auto Repair endorsement. Required when: Required upon application for or renewal of a Basic Business License.
Overview
What it is.
All applicants for a Basic Business License for a Regulated Business with a Consumer Goods Auto Repair endorsement. Required when: Required upon application for or renewal of a Basic Business License.
Who usually needs it
All applicants for a Basic Business License for a Regulated Business with a Consumer Goods Auto Repair endorsement.
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.
StateDCBond amount$2,000 for employers with five or fewer employees; $5,000 for employers with mo…Term lengthTwo yearsObligeeDistrict of Columbia Department of Licensing and Consumer Protection (DLCP)RenewalThe bond must be maintained for the duration of the two-year license period and renewed concurrently with the Basic Business License renewal.Bond classLicense BondCategoryMotor VehicleBondCorporate Surety Bond (for Consumer Goods Repair Dealers)Statutory referenceD.C. Municipal Regulations Title 16, Chapter 6; Consumer Goods Repair Regulation No. 74-3JurisdictionState
