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Montana bonds

Montana — New Or Used Dealers, Brokers, Wholesalers, Auto Auctions Bond

Montana dealers, brokers, wholesalers and auto auctions need security matched to their license class. Most classes use $50,000; restricted vehicle-only businesses have different amounts. Start with your actual class when applying through Propeller.

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

What this bond does

Ensures the licensee conducts business in compliance with state law.

Who needs it
Montana New or Used Dealer, Broker, Wholesaler, or Auto Auction
Who it protects
The form identifies it as protection against the applicant's failure to conduct business in accordance with the law.

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.

General Bond Amount

The standard bond requirement for most dealer license types is $50,000.

Motorcycle/Quadricycle Bond

Businesses restricted to selling only motorcycles or quadricycles must file a $15,000 bond.

Recreational/Off-Highway Bond

Businesses restricted to selling motorboats, personal watercraft, snowmobiles, or off-highway vehicles must file a $5,000 bond.

Sources

Have these ready

  1. List all vehicle types and licensed activities, including any restricted motorcycle or off-highway business.
  2. Have the legal applicant name, requesting party and any required form available for the provider application.
  3. Compare the requested sum and effective dates with the actual option and issued document.

Questions about this bond

Must the bond be renewed?

Yes, all bonds must be renewed annually.

Where are the bonds filed?

The bonds must be approved by the department and filed in its office.

What should I prepare for this application?

List all vehicle types and licensed activities, including any restricted motorcycle or off-highway business.

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