All applicants for a Basic Business License for a Regulated Business (Motor Vehicle Dealer) Required when: Application for a Basic Business License
Overview
What it is.
All applicants for a Basic Business License for a Regulated Business (Motor Vehicle Dealer) Required when: Application for a Basic Business License
Who usually needs it
All applicants for a Basic Business License for a Regulated Business (Motor Vehicle Dealer)
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$25,000Term length2 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 upon license renewal.Bond classLicense BondCategoryMotor VehicleBondMotor Vehicle Dealer BondStatutory referenceD.C. Code § 50-603JurisdictionState
