This bond is required for anyone who wants to open or operate a new car dealership in North Dakota. The state requires this $25,000 bond to protect consumers who buy vehicles from your dealership. If you break state laws, engage in fraud, or fail to meet your legal obligations to customers, they can file a claim again…
Overview
What it is.
This bond is required for anyone who wants to open or operate a new car dealership in North Dakota. The state requires this $25,000 bond to protect consumers who buy vehicles from your dealership. If you break state laws, engage in fraud, or fail to meet your legal obligations to customers, they can file a claim again…
Who usually needs it
New and used motor vehicle dealers operating in North Dakota who sell or deal in motor vehicles must obtain this bond as a prerequisite for receiving a motor vehicle dealer license. This includes dealers of new or used motor vehicles ($25,000 bond), motor-powered RV dealers or trailer dealers ($10,000 bond), and mobile home or manufactured home dealers ($50…
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$25,000ObligeeState of North DakotaBond classLicense BondCategoryMotor VehicleBondNorth Dakota New Motor Vehicle Dealer BondJurisdictionStatePlain descriptionThis bond is required for anyone who wants to open or operate a new car dealership in North Dakota. The state requires this $25,000 bond to protect consumers who buy vehicles from your dealership. If you break state law…Who needs this bondNew and used motor vehicle dealers operating in North Dakota who sell or deal in motor vehicles must obtain this bond as a prerequisite for receiving a motor vehicle dealer license. This includes dealers of new or used …
