Oklahoma — Used Motor Vehicle Dealer Auctioneer Bond
Oklahoma used motor vehicle dealer auctions have a $50,000 bond requirement, distinct from an ordinary used-dealer bond. Apply for the auction business through this Propeller route.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Oklahoma
- Bond type
- Motor Vehicle Dealer Bond
- Category
- Vehicles, titles & transportation
What this bond does
To license used motor vehicle dealers and ensure financial protection against fraud and loss.
- Who needs it
- The business applying for an Oklahoma used motor vehicle dealer auction license, rather than an individual auctioneer credential.
- Who it protects
- The bond protects any person, including consumers, other dealers, or auctions, against fraud, misrepresentation, or losses from certificate of title issues, excluding floor plan financiers.
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
- Official bond and application instructions (opens in a new tab)Checked October 19, 2026
Have these ready
- Identify the auction license rather than an individual auctioneer credential, and compare its amount and expiration instructions with your application.
- Have the legal applicant name, requesting party and any required form available for the provider application.
- Compare the requested sum and effective dates with the actual option and issued document.
Questions about this bond
What is the penalty for a lapse in bond coverage?
A lapse in coverage results in the automatic revocation of the dealer's license.
Who is eligible to make a claim against the bond?
Any person including a consumer, used motor vehicle dealer, or used motor vehicle auction may claim against the bond; floor plan financiers or parties extending financing are excluded.
Does the bond cover changes in business ownership?
The bond remains effective for changes in business officers or address, and substitution of business name as long as ownership does not change.