Motor Vehicle Dealers - Used Vehicles Only

The State of North Dakota Motor Vehicle Dealer Bond is a surety bond required for businesses engaged in the sale of used motor vehicles. This bond ensures compliance with state regulations governing motor vehicle dealer operations and protects consumers from potential financial losses due to dealer misconduct.

Used motor vehicle dealers operating in North Dakota must obtain this bond as part of their licensing requirements. The bond applies specifically to dealers who sell used vehicles and is mandatory for maintaining an active dealer license in the state.

This bond protects the State of North Dakota and consumers who purchase vehicles from licensed dealers. It provides financial recourse if a dealer engages in fraudulent practices, fails to transfer proper title, misrepresents vehicle conditions, or violates other provisions of North Dakota motor vehicle dealer laws.

The bond requires a $25,000 coverage amount and has a one-year term. Dealers must renew this bond annually to maintain their license and continue operations. The bond remains in effect as long as premiums are paid and the dealer maintains their license in good standing.