Skip to content

Utah bonds

Utah — Motor Vehicle Dealer Bond

Utah new and used motor vehicle dealers need a $75,000 bond on file with MVED. It addresses covered fraud, title-delivery and trade-in lien losses. Start the application with Propeller.

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

Recorded state
Utah
Category
Vehicles, titles & transportation

What this bond does

Mandatory corporate surety bond for business operation and compliance with state regulations.

Who needs it
Utah Motor Vehicle Dealer
Who it protects
Aggrieved persons suffering loss from fraud, fraudulent representations, failure to deliver title, or failure to pay off trade-in liens.

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.

Dealer Bond Requirement

New or used dealers must maintain a $75,000 bond.

Coverage Scope

Bonds cover losses from fraud and failure to deliver vehicle titles or pay off liens.

Claim Filing

Claims must be filed with the MVED within one year of the occurrence.

Sources

Have these ready

  1. Identify the motor vehicle class and retain sale, title and lien-release records relevant to the bonded activity.
  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

Does the bond replace other licensing requirements?

No. Utah requires a current corporate surety dealer bond on file with MVED along with the other applicable licensing requirements.

What should I have ready?

Have the dealer entity name, license class and requested dates ready. Keep sale, title and lien-release records with the business files.

Where does Purchase Now take me?

Propeller opens in a new tab through The Southern Agency. Apply there, then check and file the issued bond with MVED as instructed.

Related bonds

Keep exploring

How can we help you get started?

Choose the quote that fits, and we’ll take it from there.

Have a question? Contact us