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Nevada bonds

Nevada — Motor Vehicle Dealer / Rebuilder / Lessor Bond

Nevada dealers, rebuilders and lessors should match bond security to both the licensed role and vehicle class. Have the DMV request ready, then use Purchase Now to start with Propeller.

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

What this bond does

To ensure compliance with licensing requirements for various motor vehicle businesses in Nevada.

Who needs it
Dealer / Distributor / Lessor / Manufacturer / Rebuilder
Who it protects
The form identifies that the bond is required to support the licensing and regulation of vehicle businesses.

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 Amounts

Bond amounts vary based on the vehicle type handled by the licensee.

Bond Alternative

Licensees may provide a deposit in lieu of a surety bond.

Sources

Have these ready

  1. Identify the licensed business role and vehicle classes before selecting an amount; do not treat the combined product title as one universal sum.
  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

What is the bond amount for a standard vehicle dealer?

The bond requirement is $100,000 for vehicle types other than specific trailers or motorcycles.

Can I use a deposit instead of a bond?

Yes, the regulations allow for a deposit in lieu of a surety bond for the required amount.

What is the bond amount for motorcycle dealers?

The required bond amount for motorcycles is $50,000.

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