Motor Vehicle Dealer Bond in Montana

What this bond requires in Montana

Montana requires a $50,000 bond for standard motor vehicle dealers, with reduced amounts for motorcycle/quadricycle ($15,000) and motorboat ($5,000) dealers under MCA 61-4-101(9). Bonds must be approved by the department, filed in its office, and renewed annually. The bond is conditioned on the dealer conducting business in accordance with law.

Who requires it

The motor vehicle dealer bond is required by the Montana Department of Justice, Motor Vehicle Division (MVD) - Dealer Licensing Bureau under MCA 61-4-101 (types of licenses, terms, bonds); ARM 24.182.405.

How to file in Montana

Applicants file a dealer license application with the Montana Motor Vehicle Division Dealer Licensing Bureau along with the required surety bond on the department-approved form. The bond must be issued by an authorized surety, approved by MVD, kept on file in the department office, and renewed annually with license renewal.

Get a real motor vehicle dealer bond quote for Montana

Your bond type and state will be pre-filled. No upsell, no pressure.

FAQ

Common questions

Is a motor vehicle dealer bond required in Montana?

Yes. Montana requires motor vehicle dealer bonds issued by an admitted surety. The required amount is $5,000 to $50,000.

How much is the bond in Montana?

The bond amount is $5,000 to $50,000. Your annual premium is a small percentage of that, based on credit and experience.

Who requires the bond?

The bond is required by the Montana Department of Justice, Motor Vehicle Division (MVD) - Dealer Licensing Bureau.

How is the bond filed?

Applicants file a dealer license application with the Montana Motor Vehicle Division Dealer Licensing Bureau along with the required surety bond on the department-approved form. The bond must be issued by an authorized surety, approved by MVD, kept on file in the department office, and renewed annually with license renewal.

What does the bond cover?

Surety bonds protect the obligee, not the principal. If you fail to meet the obligation the bond guarantees, the surety pays the claim and recovers from you.

Is a surety bond the same as insurance?

No. Insurance protects you. A surety bond protects whoever required the bond. You repay the surety for any claim they pay.