Individuals or organizations requesting the development of custom license plates in New York State must obtain this bond when submitting Form MV-415 to the DMV. The bond ensures financial responsibility for fulfilling at least 200 custom plate orders and complying with plate development obligations.
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.
StateNYBond amount$6,000ObligeeDept of Motor Vehicles of the State of NYBond classLicense BondCategoryOtherBondCustom License Plate BondPlain descriptionSpecial License ApplicantWho needs this bondIndividuals or organizations requesting the development of custom license plates in New York State must obtain this bond when submitting Form MV-415 to the DMV. The bond ensures financial responsibility for fulfilling a…
