The State of Oregon has increased the amount of the required bond for Motor Vehicle Dealers from $40,000 to $50,000 effective the new year. “Motorcycle” dealers must now post a $10,000 bond.

Most Renewal offers of these bonds are being sent out at the $50,000 level. If you would like a quote, or to discuss, please drop us an email or give us a call!

EDIT: Direct from the DMV, they’ve also revised the bond form itself, which is not yet available: “DMV revised the Vehicle Dealer Surety Bond form 735-366 and 735-370B to reflect the increased bond or letter-of-credit amounts and the decreased maximum amount payable to persons other than retail customers. These forms will be available for order after Dec. 13, 2017. For dealers who renew in January or later, the new bond forms will be included in the renewal packet. – DMV Business Regulation