Dealer License Service Surety Bonds
West Virginia License Service Bond Information
A Dealer License Service Bond is a type of surety bond required for businesses licensed by the West Virginia Department of Motor Vehicles (DMV) to engage in processing registration, ownership transfers, registration renewals, and other related DMV documents. The DMV requires a $25,000.00 surety bond. Unlike other WV dealer licenses and surety bonds, the license service licensing period expires on Dec 31st annually. For new dealers in this classification purchasing a surety bond during the year, the premium (cost) is adjusted for the portion of the year that the bond is used.
This bond is specific to the LS-License Service classification. See WV Dealer Bonds for surety bond requirements for all other classifications.
How Much Does a License Service Bond Cost in West Virginia?
Expires 12/31 Annually
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Getting Your West Virginia Business License or Registration
Dealer licensing requirements *(unless otherwise indicated)
- Completed application
- $25,000 surety bond
- Personal property tax receipt in the name of each owner/corporate officer or an affidavit from the county in which the licensing service will be located stating that no taxes are owed
- Pictures of dealership and sign with letters no less than 4" in height
- A valid business license in the state of West Virginia
When dealer services receives your application, an inspector will be sent to fingerprint all owners/corporate officers and to get signatures on a release of information waiver.
Additional information on licensing requirements and application costs is available online from the West Virginia Department of Motor Vehicles.