(844) 589-9732

Montana Motor Vehicle Dealer Bond

December 4, 2019

The Montana motor vehicle dealer bond may cost you as little as 1% annually (your credit is the determining factor). Your bond will have a statutory expiration date on December 31st. Please call AmeriPro Surety Bonds today at 844-589-9732.

Montana Motor Vehicle Dealer Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Motor Vehicle Dealers; Surety Bond Amounts

 

 

 

The Montana Department of Justice, Motor Vehicle Division licenses and regulates motor vehicle dealers in the state.

One of the requirements is that evidence of an original surety bond be filed. The amount of surety required depends on your specialty. The breakdown is as follows:

  • New, used, wholesale, manufactured dwelling, auto auctioneers, require a $50,000 surety bond;
  • Montana businesses which only sale motorcycles or quadricycles require a $15,000 surety bond;
  • And businesses whose sole concentration are off highway/ATV vehicles, motorboats and snowmobiles, require a $5,000 surety bond.

Whatever category of surety is required, the surety bond will have an expiry date of December 31st. For those with good credit, we may be able to offer a prorated surety bond amount.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for any of these surety bond categories requires an application – -which we can take from you verbally over the phone – but which also must be signed.

Signatures, along with your application, may be submitted electronically. Upon receipt of a completed application, an underwriter review, which includes a credit inquiry, is standard procedure.

Approval is contingent upon your credit, and the rate offered is typically between 1% to 5% of the bond’s amount.

Upon payment of the premium to our agency, your bond, along with a Power of Attorney form, are sent to you immediately for filing.

Filing of your signed surety bond is facilitated through:

State of Montana, Department of Motor Vehicles

Title and Registration Bureau

1003 Buckskin Drive

Deer Lodge, MT 59722

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

The purpose of the Montana auto dealer bond is a financial guarantee which ensures your compliance with Montana Code Annotate 61-4-126(1). More generally, the bond protects the consumer from malfeasance on the part of a licensed auto dealer of whatever category.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds provides auto dealer surety bonds nationwide. We are also a provider of licensed and permit bonds in all 50 states.

Please call us today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you...

 

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