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.…
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 o…
Typical timeframe
Credit-based approval — varies by bond type
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.
StateORBond amount$20,000Term lengthContinuousObligeeOregon Department of Transportation, Driver and Motor Vehicle Services DivisionRenewalThe lien claimant must certify in writing to the DMV each year that the bond remains in effect, even if the bond itself is continuous.Bond classMiscellaneous CommercialCategoryMotor VehicleBondSurety Bond – Possessory LiensStatutory referenceORS 87.152JurisdictionState
