Used motor vehicle dealers selling five or more vehicles in a 12-month period. Required when: Application for a used motor vehicle dealer license. Exemptions: New motor vehicle dealers who also hold a used motor vehicle dealer license; used motor vehicle dealers who held a license prior to January 27, 2018, provided t…
Overview
What it is.
Used motor vehicle dealers selling five or more vehicles in a 12-month period. Required when: Application for a used motor vehicle dealer license. Exemptions: New motor vehicle dealers who also hold a used motor vehicle dealer license; used motor vehicle dealers who held a license prior to January 27, 2018, provided t…
Who usually needs it
Used motor vehicle dealers selling five or more vehicles in a 12-month period.
Pricing & timing
What to expect.
Generic pricing
Lost instrument bonds replace lost financial documents such as checks, stock certificates, bonds, or promissory notes. Typical Pricing:. • Smaller amounts: Often a flat fee or minimum premium. • Larger amounts: Commonly around 1–5% of the instrument's face value. • Credit check: May be required depending on the amount. Bond amounts are typically set at 100–200% of the instrument's face value. The issuing institution (bank, corporation, etc.) determines the bond requirements. Processing time…
Typical timeframe
General application — typically 1–3 business days
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.
StateOHBond amount$25,000Term lengthContinuousObligeeOhio Bureau of Motor Vehicles (BMV)RenewalThe bond must be maintained for the entire duration of the license. Any changes to the surety bond, notifications of renewal, or cancellations must be reported to the Ohio Attorney General's Office.Bond classLost Instrument BondCategoryMotor VehicleBondMotor Vehicle Title Defect Surety BondStatutory referenceOhio Administrative Code 4501:1-3-11JurisdictionState
