Individuals who wish to become a motor vehicle dealer in the State of North Dakota must obtain a license through the North Dakota Department of Transportation (NDDOT). As part of their licensing requirements, dealers must submit and maintain a surety bond with the NDDOT. Bond amounts vary and are based on license type:
- Mobile Home and Manufactured Home Dealer – $50,000 Bond
- New or Used Motor Vehicle Dealer – $25,000 Bond
- Trailer dealer – $10,000 Bond
- Motor-Powered Recreational Vehicle Dealer – $10,000 Bond
The purpose of the bond is to guarantee that the principal (dealer) complies with all provisions of Title 39 of the North Dakota Century Code ,and protects any person dealing or transacting business with the principal. The terms for North Dakota Motor Vehicle Dealer Bonds are continuous and remain in effect until canceled by the surety.
Pacific Surety is proud to offer industry low rates and quick turnaround time for quoting of North Dakota Motor Vehicle Dealer Bonds. Feel free to complete our simple application to obtain an approval within hours.
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Motor Vehicle Dealer Surety Bonds – North Dakota
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