Nevada — Vehicle Industry Business License - Salvage Pool Bond
Nevada requires security for the business running a salvage pool. Buyers' identification cards follow a separate process.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Nevada
- Bond type
- Auto Dismantler / Salvage Dealer Bond
- Category
- Vehicles, titles & transportation
What this bond does
DMV's wrecker/salvage-pool packet requires $50,000 security using OBL-262 or the permitted deposit route. Wrecker and salvage-pool licenses are separate. Use the Salvage Pool designation for this bond application.
- Who needs it
- The salvage-pool operator handling the specified insurer/self-insurer or licensed vehicle-business consignments described in the State packet. Do not confuse that operator with a wrecker seeking a separate business identification card to buy vehicles.
- Who it protects
- OBL-262 binds the principal and surety to the State of Nevada and provides an action for persons injured by the stated Chapter 487 fraud or fraudulent-representation conduct. It is continuous with a total aggregate limit, not insurance on every consigned vehicle or a promise to pay every disputed loss.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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
- Nevada DMV: actual Wrecker and Salvage Pool Information OBL-244 (opens in a new tab)Checked October 26, 2026
- Nevada DMV: actual business license bond OBL-262 (opens in a new tab)Checked October 26, 2026
Have these ready
- Identify the actual salvage-pool operator and DMV license application.
- Use the Salvage Pool role on accepted OBL-262 security.
- Match legal/DBA names, location and the $50,000 requirement.
- Check principal/surety execution and the corporate seal.
- Coordinate issued dates and the actual State/local application documents.
Questions about this bond
Is this security for a buyer's identification card?
No. The packet treats the licensed wrecker's bidding/purchase identification card separately. This listing concerns the salvage-pool operator's business security.
Does a pool license also authorize wrecking?
The State packet says the two roles require separate licenses. Have DMV match the actual activities and accepted security instead of assuming one form title grants both roles or that duplicate bond purchases are always necessary.
Does renewing the license automatically provide another $50,000?
OBL-262 states continuous security with a total aggregate limit. Review the actual issued undertaking and remaining effective security rather than assuming an annual reset.