Indiana — Vehicle Merchandising Automotive Salvage Recycler Bond
Indiana's automotive salvage recycler application calls for $25,000 security on the current State Form 53966. Match the recycler box and actual business before applying.
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- Recorded state
- Indiana
- Bond type
- Auto Dismantler / Salvage Dealer Bond
- Category
- Vehicles, titles & transportation
What this bond does
The Secretary of State's recycler checklist links the Vehicle Merchandising Certificate/Bond. The Division's current bond instructions require $25,000 and the R7/03-24 form; older versions are not accepted.
- Who needs it
- The business seeking Indiana's automotive salvage recycler license. The State page includes used major-component sales, dismantling or crushing, rebuilding for resale and vehicle storage or recycling. This is business-licensing security, not an ownership bond for one vehicle.
- Who it protects
- The actual form binds the principal and surety to the State of Indiana—Secretary of State. Its condition covers licensing compliance, the Secretary's assessed amounts after the stated review process, and damages to an aggrieved person after an IC 9-32 judgment. It is not insurance on stored vehicles.
Your bond option
This is the option on record for this bond.
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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.
Sources
- Indiana Secretary of State: Automotive Salvage Recycler (opens in a new tab)Checked October 26, 2026
- Indiana: actual State Form53966 (opens in a new tab)Checked October 26, 2026
- Indiana Division: Dealer Bond Requirements (opens in a new tab)Checked October 26, 2026
Have these ready
- Identify the actual automotive salvage recycler applicant and State file.
- Use current R7/03-24 State Form 53966 with the recycler class.
- Check the $25,000 sum, principal, dates and both required signatures.
- Coordinate current background, zoning and other checklist documents.
- Follow the actual license or existing-account update process for the issued security.
Questions about this bond
Can I leave the business class as Dealer on the shared form?
The form includes a separate Automotive Salvage Recycler choice. Match the actual application rather than assuming its other class labels are interchangeable.
Are 60 or 90 days offered bond terms?
No. The recycler page uses those limits for background-result and zoning-affidavit freshness at application submission. The issued bond's dates and accepted State requirement are separate.
Do I always need a new bond at renewal?
The Division accepts continuation certificates for existing bonds. Check the effective security and actual renewal request first. Its current instructions require existing bond/insurance updates through the Dealer Portal, not mail or email. Follow the process for your actual filing; that update instruction is not the initial license application.