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Colorado bonds

Colorado — Used Motor Vehicle Dealer Bond

Prepare your Colorado used motor vehicle dealership's $50,000 business bond application with its legal name and DBA. Purchase Now opens the Propeller application.

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Recorded state
Colorado
Category
Vehicles, titles & transportation

What this bond does

Supplies the dealer bond for the used-dealer business's Colorado license application.

Who needs it
A Colorado used motor vehicle dealer applying in the dealership's name.
Who it protects
The interests secured by the required Colorado dealer bond, with the dealership as principal.

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.

Keep the used-dealer application consistent

Use the used-dealer business's name and address across the license and bond paperwork. The dealer/wholesaler instructions call for the full legal name and DBA; an individual salesperson bond is a different obligation.

Sources

Have these ready

  1. Gather the used-dealer legal entity name, DBA and business address.
  2. Have the dealer license application and requested effective date ready.
  3. After issuance, check the completed bond and authorized signature before filing.

Questions about this bond

What amount do the dealer instructions require?

Colorado's dealer/wholesaler instructions state a $50,000 standard business bond.

Can I apply in the salesperson's name?

The dealer business is the applicant here. A salesperson's individual license bond is separate.

Does the link submit my dealer license?

No. The Southern Agency's link opens Propeller in a new tab for the bond application. Submit the issued bond through the separate licensing process.

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