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Surety Bond – Possessory Liens

This bond is required for businesses in Oregon that hold possessory liens on vehicles, such as auto repair shops, tow companies, or storage facilities. When these businesses keep a vehicle because the owner hasn't paid for services, they must have this $20,000 bond on file with the Oregon Department of Transportation.…

Bond amount$20,000
State or jurisdictionOregon
ObligeeOregon Department of Transportation, Driver and Motor Vehicle Services Division

Essential point: 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.

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Overview

What it is.

This bond is required for businesses in Oregon that hold possessory liens on vehicles, such as auto repair shops, tow companies, or storage facilities. When these businesses keep a vehicle because the owner hasn't paid for services, they must have this $20,000 bond on file with the Oregon Department of Transportation.…

Who usually needs it

Any person (including auto repair shops and mechanics) that creates, attaches, asserts, or claims a possessory lien on a motor vehicle after making, altering, repairing, transporting, storing, performing services for, supplying materials for, or performing labor in connection with the motor vehicle.

Pricing & timing

What to expect.

Generic pricing

Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger 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. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending on risk factors. Contact us for a specific quote.

Your quote determines the actual premium.

Typical timeframe

Credit-based approval — varies by bond type

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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