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Nevada Motor Vehicle Business License Bond

Nevada Motor Vehicle Business License Bond

www.suretybondsdirect.com/surety-bond/motor-vehicle-dealer-bond/nv

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Who Requires the Motor Vehicle Business License Bond and Why Is It Needed?

Salesman. Motor Vehicle Dealer Bond for auto dealers or others who buy, sell, auction, or repair cars or other motor vehicles.

Businesses involved in the vehicle industry in the state of Nevada must obtain a surety bond as part of the Nevada Department of Motor Vehicles licensing requirements. Dealers, brokers, rebuilders, lessors, distributors, manufacturers, body shops, wreckers and transporters operating in the state all need to be bonded. The surety bond amount will vary based on the type of business activity as outlined below.

OFF-HIGHWAY VEHICLE - $50,000

CAR DEALER OR BROKER - $100,000

BODY SHOP - $10,000

WRECKER AND SALVAGE POOL - $50,000

VEHICLE TRANSPORTER - $100,000

DEALER, DISTRIBUTOR, LESSOR, MANUFACTURER AND REBUILDER - $10,000 for utility or boat trailers with an unladen weight of 3,500 or less, $50,000 for motorcycles, horse trailers without living quarters or utility trailers with an unladen weight of 3,501 or more and $100,000 for all other vehicle types.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Nevada Motor Vehicle Business License Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What Does the Bond Protect Against?

The surety bond protects any individual who is injured by the actions of the bonded principal, its employees or its agents. Specifically, any act of fraud or fraudulent representation, or violation of Chapter 482 or Chapter 490 of the Nevada Revised Statutes or the Nevada Administrative Code committed by the principal and resulting in damages to a third party may constitute a valid claim against the bond. Total liability to the surety company and the principal is limited to the aggregate amount of the bond. The surety bond is continuous in nature unless canceled by the surety company by providing 30 days advance written notice to the State of Nevada Department of Motor Vehicles.

What is Needed to Obtain My License?

Off-Highway Vehicle Dealer and Salesman Licensing Packet (OBL 329)

Information Sheet - Dealer, Distributor, Lessor, Manufacturer, and Rebuilder (OBL 243)

Information Sheet - Broker (OBL 267)

Information Sheet - Class A Body Shop (OBL 247)

Information Sheet - Wrecker and Salvage Pool (OBL 244)

Information Sheet - Vehicle Transporter (OBL 245)




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