Motor Vehicle Dealers - New or New and Used Vehicles

The Nebraska Motor Vehicle, Trailer, Wholesale, or Motorcycle Dealer Bond is a $50,000 surety bond required by the State of Nebraska for businesses engaged in selling motor vehicles, trailers, or motorcycles. This bond ensures compliance with state regulations governing vehicle dealership operations.

Who Needs This Bond: Motor vehicle dealers, trailer dealers, wholesale dealers, and motorcycle dealers operating in Nebraska must obtain this bond as part of their licensing requirements. The bond applies to both new vehicle dealers and those selling new and used vehicles.

Protection and Purpose: This bond protects consumers and the state from fraudulent business practices, failure to transfer titles properly, misrepresentation of vehicles, and other violations of Nebraska's motor vehicle dealer regulations. It provides financial recourse for damages caused by the dealer's failure to comply with applicable laws and regulations.

Bond Details: The bond amount is set at $50,000 with a mandatory annual term that expires on December 31st each year. The bond is renewable and requires a registered agent signature. Non-resident registered agents must attach a copy of their license when filing the bond, while Nebraska residents are exempt from this requirement.