New and used motor vehicle dealers Required when: Before the issuance of a motor vehicle dealer's license Exemptions: Low speed vehicle dealers are not legally required to be licensed or bonded, although they may choose to obtain a license for access to dealer plates.
Overview
What it is.
New and used motor vehicle dealers Required when: Before the issuance of a motor vehicle dealer's license Exemptions: Low speed vehicle dealers are not legally required to be licensed or bonded, although they may choose to obtain a license for access to dealer plates.
Who usually needs it
New and used motor vehicle dealers
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.
StateNDBond amount$25,000Term lengthContinuousObligeeNorth Dakota Department of Transportation, Motor Vehicle DivisionRenewalThe bond is continuous and does not expire, but the dealer's license must be renewed annually by December 31st. The surety company typically requires an annual premium payment to keep the bond active.Bond classLicense BondCategoryMotor VehicleBondMOTOR VEHICLE DEALER BONDStatutory referenceN.D. Cent. Code § 39-22-05JurisdictionState
