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North Dakota bonds

North Dakota — NEW FRANCHISE Motor Vehicle Dealer Bond

For a North Dakota new-franchise motor vehicle dealer bond request, apply in the franchised dealership's name. Use Purchase Now to start with Propeller.

Continue to our secure checkout partner, Propeller (opens in a new tab).

Recorded state
North Dakota
Category
Vehicles, titles & transportation

What this bond does

Provides dealer-business security for the new-franchise license request.

Who needs it
A North Dakota new-franchise motor vehicle dealer applicant.
Who it protects
Third parties sustaining covered injury while transacting business with the dealer under the required bond.

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.

Match the franchise dealer's request

The cited North Dakota dealer form states $25,000 per annual license period. Check the form and dates assigned to your franchise dealer application and keep the legal entity and physical business address consistent.

Sources

Have these ready

  1. Have the franchised dealership name, address and license request ready.
  2. Check the requested form, amount and effective period during the application.
  3. After issuance, arrange the required execution and submit the completed bond as DOT instructs.

Questions about this bond

Should I use the franchised business name?

Use the legal dealer entity in the new-franchise license application.

What amount does the cited dealer form state?

The North Dakota dealer form states $25,000 for each annual license period. Match your request to the offered form before completing the application.

Does the purchase link grant a franchise license?

No. The Southern Agency's link opens Propeller in a new tab for the bond application. The licensing process remains separate.

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