The State of Montana requires motor vehicle dealers to submit and maintain a surety bond as part of their licensing requirements. The bond is submitted to the Montana Department of Justice, Motor Vehicle Division – Title and Registration Bureau and the amount of the bond varies according to the dealer type:
- $5,000 Bond
- Selling only snowmobiles, non-street legal motorcycles or quadricycles (includes quadricycle like vehicles) and boats (includes personal watercraft)
- $15,000 Bond
- Selling only street legal motorcycles or quadricycles
- $50,000 Bond
- New dealer, used dealer, wholesale dealer, auto auction, broker or new manufactured home dealer
The purpose of the Montana motor vehicle dealer bond is to protect individuals from loss due to unethical or unlawful acts by the principal (vehicle dealer) in the course of doing business, and it guarantees that the principal complies with all state regulations and industry standards. The bond has an expiration date of December 31 of the current license year and must be renewed annually.
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. If you have any specific questions, please contact our knowledgeable underwriting staff.
Surety Bond Name
Motor Vehicle Dealer Surety Bonds – Montana
VariesRequest a Free Quote