A Used Motor Vehicle Rebuilder's Bond is required for businesses in Oklahoma that rebuild and sell previously damaged or salvaged vehicles. This $15,000 bond protects customers and the state by ensuring the rebuilder follows all laws and regulations when repairing and selling these vehicles. If the business breaks the…
Overview
What it is.
A Used Motor Vehicle Rebuilder's Bond is required for businesses in Oklahoma that rebuild and sell previously damaged or salvaged vehicles. This $15,000 bond protects customers and the state by ensuring the rebuilder follows all laws and regulations when repairing and selling these vehicles. If the business breaks the…
Who usually needs it
Used motor vehicle dealers or wholesale used motor vehicle dealers in Oklahoma who apply for or renew a rebuilder's certificate to engage in rebuilding, reconstructing, or repairing used motor vehicles to safe and operable condition. This $15,000 bond is required in addition to any separate dealer bonds and ensures ethical business conduct and consumer prot…
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.
StateOKBond amount$15,000ObligeeState of OklahomaBond classLicense BondCategoryOtherBondUsed Motor Vehicle Rebuilder's BondPlain descriptionA Used Motor Vehicle Rebuilder's Bond is required for businesses in Oklahoma that rebuild and sell previously damaged or salvaged vehicles. This $15,000 bond protects customers and the state by ensuring the rebuilder fo…Who needs this bondUsed motor vehicle dealers or wholesale used motor vehicle dealers in Oklahoma who apply for or renew a rebuilder's certificate to engage in rebuilding, reconstructing, or repairing used motor vehicles to safe and opera…
