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Indiana bonds

Indiana — Vehicle Dealer Bond

Indiana's vehicle dealer bond secures fines, penalties, costs and fees assessed by the Secretary of State. Prepare the dealership's $25,000 bond application and start with Propeller.

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Recorded state
Indiana
Bond type
Motor Vehicle Dealer Bond
Category
Vehicles, titles & transportation

What this bond does

To secure payment of fines, penalties, costs, and fees assessed by the Secretary of State.

Who needs it
Indiana Vehicle Dealer
Who it protects
The bond is held in favor of the Secretary of State.

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

Indiana requires dealers to provide evidence of a $25,000 bond as part of the license application.

Submission Method

As of October 1, 2024, all bond updates must be submitted online through the Dealer Portal; mail or email submissions are no longer accepted.

Expiration Consequences

Failure to maintain an active bond will result in the suspension of the dealer's license.

Sources

Have these ready

  1. Have the dealer business name, license details and State Form 53966 (R7/03-24) instructions ready.
  2. Apply through the provider using the requested amount and effective date.
  3. After issuance, sign the bond and submit bond updates through Indiana's Dealer Portal; the Division no longer accepts updates by mail or email.

Questions about this bond

Can I submit my bond updates via email?

No, as of October 1, 2024, the Division no longer accepts bond or insurance updates via US mail or email.

What version of the bond form must I use?

You must use the (R7/03-24) version of State Form 53966; older versions will not be accepted.

What is a common error when submitting the bond?

Dealers often fail to sign the bond before submitting it to the office.

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