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License Bond

State of Montana Dealer Bond

Any person engaging in the business of buying, selling, exchanging, accepting on consignment, or acting as a broker of motor vehicles, trailers, motorcycles, quadricycles, motorboats, personal watercraft, snowmobiles, or off-highway vehicles. Required when: Application for a motor vehicle dealer license. Exemptions: I…

Overview

What it is.

Any person engaging in the business of buying, selling, exchanging, accepting on consignment, or acting as a broker of motor vehicles, trailers, motorcycles, quadricycles, motorboats, personal watercraft, snowmobiles, or off-highway vehicles. Required when: Application for a motor vehicle dealer license. Exemptions: I…

Who usually needs it

Any person engaging in the business of buying, selling, exchanging, accepting on consignment, or acting as a broker of motor vehicles, trailers, motorcycles, quadricycles, motorboats, personal watercraft, snowmobiles, or off-highway vehicles.

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.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. 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.

Details

Bond details.

StateMT
Bond amount$50,000 for new/used dealers, brokers, wholesalers, auto auctions, and manufact…
Term lengthContinuous
ObligeeMontana Department of Justice, Motor Vehicle Division
RenewalThe bond must be renewed annually. The associated dealer license expires on December 31st of each year and requires proof of a valid bond for renewal.
Bond classLicense Bond
CategoryMotor Vehicle
BondState of Montana Dealer Bond
Statutory referenceMCA 61-4-101
JurisdictionState
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Next step

Ready to move forward?

Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.