Oregon Dismantler Bond | AmeriPro Surety Bonds | 844-589-9732
AmeriPro Surety Bonds provides the required $10,000 Oregon both for first time and renewal applicants.
Oregon dismantlers are in the business of acquiring used or damaged vehicles, dismantling the vehicle, and retrieving parts which may still be useful.
Oregon dismantlers may also sometimes resell salvagable parts of a vehicle as standalone items.
In Oregon, this business requires an Oregon dismantler bond.
Oregon Dismantler Bond: the Purpose
The Oregon dismantler bond is required by the Oregon DMV and is a precondition for licensing.
The purpose of the bond is to protect consumers from any acts of fraud, theft, or any other form of criminal malfeasance that a dismantler might commit in the performance of their duties.
Oregon Dismantler Bond: The Premium
While the face amount of the bond is $10,000, the Oregon dismantler bond will only be a small percentage of the bond amount.
Premiums for this bond should be about 1% annually.
Ultimately, the premium will be determined by the applicant’s credit score.
AmeriPro Surety Bonds will work for you to provide you the best premium pricing.
Oregon Dismantler Bond: Duration
The Oregon dismantler license is issued for 3 years.
Either the bond will be paid and renewed on an annual basis, or, the premium will be paid once for a bond that will be active for the 3-year duration of the license.
Becoming Licensed as an Oregon Dismantler
Applicants who are interested in becoming licensed as an Oregon dismantler, besides obtaining the surety $10,000 surety bond required, will need to complete the following:
- An application Form 373;
- An application fee of $800. Applicants should assume the application fee is nonrefundable;
- The application will need to include ID’s of all owners of the dismantler business;
- A drawn map of the business location;
- Proof of the approval of the city location (i.e. a city business license which shows municipal approval).
About AmeriPro Surety Bonds
AmeriPro Surety Bonds works on your behalf for to provide you the best surety bond pricing.
We a surety bonds-only agency providing license and permit, contractor, court and fiduciary bonds in Oregon.