Any motor vehicle repair dealer desiring to engage in the business of restoring or rebuilding salvaged, wrecked, or dismantled vehicles. Required when: Application for registration or license to perform salvage repair work on motor vehicles. Exemptions: Motor vehicle repair dealers who do not engage in the business of…
Overview
What it is.
Any motor vehicle repair dealer desiring to engage in the business of restoring or rebuilding salvaged, wrecked, or dismantled vehicles. Required when: Application for registration or license to perform salvage repair work on motor vehicles. Exemptions: Motor vehicle repair dealers who do not engage in the business of…
Who usually needs it
Any motor vehicle repair dealer desiring to engage in the business of restoring or rebuilding salvaged, wrecked, or dismantled vehicles.
Pricing & timing
What to expect.
Generic pricing
Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…
Typical timeframe
Full underwriting required — typically 3–5 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.
StateHIBond amount$25,000Term lengthContinuousObligeeMotor Vehicle Repair Industry Board, Department of Commerce and Consumer AffairsRenewalThe bond must be maintained in full force and effect for the duration of the license. Licenses are renewed biennially by June 30 of every odd-numbered year.Bond classPerformance BondCategoryMotor VehicleBondPerformance bondStatutory referenceHawaii Revised Statutes §437B-26JurisdictionState
