North Dakota Motor Vehicle Dealer Bond
AmeriPro Surety Bonds | 844-589-9732
North Dakota Motor Vehicle Dealer Licensing
The North Dakota Department of Transportation requires auto dealers to obtain a surety bond as one of the prerequisites to licensing.
The surety bond is required across many licensing categories, including:
- New and used auto dealers;
- Trailer dealers;
- Motor-powered recreational dealers;
- Mobile home and manufactured home dealers
The required of bond for auto dealers is a $25,000 surety bond.
Qualifying and the Premium
You are automatically approved for the $25,000 North Dakota motor vehicle dealer bond. There is no credit check nor underwriter review. The premium is just $250 annually, 1%.
When you call us, we’ll ask you for the following:
- The name, exactly as it should appear on your surety bond.
- Your contact information, which is to include your address, email, and phone number.
After payment of the premium, $250, our agency issues this bond to you immediately.
Your bond, along with a Power of Attorney (POA) form and a notarized surety form will be sent to you. Upon receipt, you’ll have notarized and sign your surety bond as Principal, filing all documents received.
The address to file to file your auto dealer bond is:
North Dakota Department of Transportation
608 E. Boulevard Avenue
Bismarck, North Dakota, 58505
Premium Prepayment Options
At $250, the premium associated with your North Dakota surety bond is active for one year. Thereafter, it will renew.
We strongly encourage you to consider prepayment of your premium which allows you to renew less frequently, while saving versus year to year premium renewals.
The premium prepayment amount and savings are as follows:
- If prepaid for 2 years, the premium is $450, a $50 savings;
- If prepaid for 3 years, the premium is $650, a $100 savings.
Purpose Of Your Surety Bond Requirement
Your bond is required in accordance with Statute 39-22-05 which deals with motor vehicle licensing and the surety requirement.
The surety bond is a financial guarantee that you will comply with all provisions of auto dealing; and that, you will cover any losses which occur due to the failure of providing a valid certificate of title to any car that you sale.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, probate, and court surety bonds in North Dakota.
Our agency is licensed nationwide and we provide surety bonds in all 50 states.
Please call us today at:
Or, you may fill out the form below and a Surety Agent will contact you…