Used motor vehicle dealers who apply for a rebuilder certificate to reconstruct or repair salvage or repairable motor vehicles for the purpose of resale. Required when: Applying for or renewing a rebuilder certificate from the Commission. Exemptions: Standard automotive repair and body shops that perform repairs for c…
Overview
What it is.
Used motor vehicle dealers who apply for a rebuilder certificate to reconstruct or repair salvage or repairable motor vehicles for the purpose of resale. Required when: Applying for or renewing a rebuilder certificate from the Commission. Exemptions: Standard automotive repair and body shops that perform repairs for c…
Who usually needs it
Used motor vehicle dealers who apply for a rebuilder certificate to reconstruct or repair salvage or repairable motor vehicles for the purpose of resale.
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$15,000Term length2 YearsObligeeOklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing CommissionRenewalBonds expire on December 31 of each odd-numbered year and must be renewed concurrently with the rebuilder certificate and used motor vehicle dealer license.Bond classLicense BondCategoryMotor VehicleBondUsed Motor Vehicle Rebuilder's Surety BondStatutory reference47 O.S. § 583(B)(1)(d)JurisdictionState
