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California bonds

California — Motor Vehicle Dealer Bond

California's OL 25 dealer bond provides $50,000 in security for covered fraud-related losses to buyers, sellers and other protected parties. Use your DMV dealer details to start the RLI application.

Also known as California Motor Vehicle Dealer Bonds

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Recorded state
California
Category
Vehicles, titles & transportation

What this bond does

Occupational license requirement for compliance with vehicle code statutes protecting against fraud and financial loss.

Who needs it
California Motor Vehicle Dealer
Who it protects
Purchasers, sellers, financing agencies, or governmental agencies against monetary loss due to fraud or fraudulent representation.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Bond Amount

The bond requires a penal sum of $50,000.

Continuous Nature

The bond is continuous and runs concurrently with the license period.

Liability

Aggregate liability is limited to the penal sum of the bond.

Sources

Have these ready

  1. Have the DMV dealer name, DBA names and license details ready; check that OL 25 is the form assigned to your class.
  2. For a corporation, use its full legal name and California Secretary of State registration number.
  3. After issuance, check the bond number, completed principal details and attorney-in-fact execution before filing with DMV.

Questions about this bond

What information must be included for a corporation?

Include the corporation's full legal name, all DBA names and California Secretary of State registration number.

Can the bond be cancelled by the surety?

Yes. OL 25 permits cancellation under Article 13 of the Code of Civil Procedure.

How do I begin the bond application?

Purchase Now opens RLI in a new tab through The Southern Agency. Apply there, then submit the issued bond through DMV's licensing process.

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