Arkansas Motor Vehicle Dealer Bonds

The state of Arkansas requires a surety bond for used motor vehicle dealers, wholesalers, and auto auction businesses operating in the state. The penal sum, or required surety bond amount is at least $25,000. Dealers of new vehicles must furnish a surety bond in the amount of at least $50,000. This surety bond accompanies the used motor vehicle dealer license issued through the Arkansas State Police for anyone who intends to operate a used motor vehicle business. The surety bond guarantees ethical business conduct and compliance with Arkansas Code Annotated §23-112-601, Used Motor Vehicle Buyers Protection.