The Idaho Transportation Department (ITD) licenses and regulates vehicle/vessel dealers in the State of Idaho. Upon initial application, all vehicle/vessel dealers must file a surety bond with the department per Chapter 16, Title 49 of the Idaho code. Bond amounts vary per dealer type:
- $20,000 – Retail Dealer
- $40,000 – Wholesale-Only Dealer
- $10,000 –Motorcycle, All-Terrain Vehicle, Utility Type Vehicle, Truck Campers and Snow Machine Dealer
The bond must reflect the exact ownership, D.B.A.s and dealership location that is listed on the application for dealer license. The purpose of this surety bond is to guarantee that the principal (dealer) does not practice any fraud, make fraudulent representations or violate any of the provisions of the Idaho Code and regulations by the ITD.
Pacific Surety offers industry low rates and can obtain approvals for almost all credit situations. Once our simple application has been completed, we can have pricing to you within hours. Please contact our knowledgeable underwriting staff with any specific questions.