{"id":1426,"date":"2014-08-31T21:57:29","date_gmt":"2014-08-31T21:57:29","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1426"},"modified":"2017-01-03T16:20:31","modified_gmt":"2017-01-03T16:20:31","slug":"oklahoma-car-crusher-surety-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/oklahoma-car-crusher-surety-bond\/","title":{"rendered":"Oklahoma Car Crusher Surety Bond"},"content":{"rendered":"

Effective November 1st, 2014 an Oklahoma vehicle crusher surety bond<\/a>\u00a0<\/strong>and licensing will be required of crushers in the state. \u00a0Under the statute\u00a0\u201cCrusher\u201d means a person engaged in the business of crushing and\/or shredding used motor vehicles, trailers, or nonmotorized recreational vehicles. \u00a0No person may engage in the business as a crusher without first obtaining a license from the Oklahoma Used Motor Vehicle and Parts Commission specifically authorizing engagement in such business. \u00a0To be eligible for a crusher license, an applicant shall:<\/p>\n

1. Be of good moral character;
\n2. Have net assets of at least Twenty-five Thousand Dollars ($25,000.00); and
\n3. Show that the crusher operation will be operated lawfully and fairly within the purpose of the Oklahoma Crusher Act<\/strong><\/em>.<\/p>\n

Each applicant for a crusher license at the time of filing application shall file with the Commission an Oklahoma car crusher surety bond<\/a><\/strong> in the amount of Twenty-five Thousand Dollars ($25,000.00) for each license, with a surety company qualified to do business in Oklahoma. \u00a0The bond form must be approved as to form by the Attorney General and conditioned that the applicant shall not practice fraud, make any fraudulent\u00a0representation, or violate any of the provisions of this act or any of the rules made by the Commission hereunder in the conduct of the business for which the applicant is licensed and will pay to the state and to any person or persons any and all amounts of money that may become due or owing to the state or to such person or persons from said obligor under and by virtue of the provisions of this act during the time such bond is in effect. \u00a0The surety bond<\/strong> shall run to the benefit of the state and of any person or persons who may have cause of action against the obligor of said bond under the provisions of this act up to the maximum amount of the bond. \u00a0Application materials and the bond should be submitted as follows:<\/p>\n

Used Motor Vehicle & Parts Commission<\/a>
\nCar Crusher Surety Bond<\/strong>
\n2401 NW 23rd Street, Suite 57
\nOklahoma City, OK 73107<\/p>\n

Oklahoma surety leader<\/strong>, Surety One, Inc.<\/strong> is a specialist in the bonding needs motor vehicle dealerships, parts stores, recyclers and crushers. \u00a0We offer both surety and fidelity bonds needed by these business classes in ALL fifty states, Puerto Rico and the U.S. Virgin Islands. Visit us at SuretyOne.com<\/a>, call (787) 333-0222<\/span> or (800) 373-2804<\/span>, or email us at Underwriting@SuretyOne.com<\/span> for an Oklahoma vehicle crusher surety bond<\/strong>\u00a0application or information on ANY surety bonding need. \u00a0Tambi\u00e9n nuestra asesor\u00eda est\u00e1 disponible en SU idioma.<\/p>\n","protected":false},"excerpt":{"rendered":"

Effective November 1st, 2014 an Oklahoma vehicle crusher surety bond\u00a0and licensing will be required of crushers in the state. \u00a0Under the statute\u00a0\u201cCrusher\u201d means a person engaged in the business of crushing and\/or shredding used motor vehicles, trailers, or nonmotorized recreational… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[139],"tags":[1785,1786,1787,1788,1789,1790,1782,1780,1739,1740,1781,1779,1784,1783],"yoast_head":"\nOklahoma Car Crusher Surety Bond • Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/oklahoma-car-crusher-surety-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oklahoma Car Crusher Surety Bond • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Effective November 1st, 2014 an Oklahoma vehicle crusher surety bond\u00a0and licensing will be required of crushers in the state. \u00a0Under the statute\u00a0\u201cCrusher\u201d means a person engaged in the business of crushing and\/or shredding used motor vehicles, trailers, or nonmotorized recreational... 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