Oklahoma Motor Vehicle Dealer Surety Bond
An Oklahoma motor vehicle dealer surety bond is a required license bond for used motor vehicle dealers, wholesale dealers, vehicle rebuilders, vehicle crushers, and auction dealers within the State of Oklahoma. Like Louisiana, Oklahoma operates two separate regulatory bodies: the Oklahoma Motor Vehicle Commission (OMVC) for new (franchise) dealers, and the Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (UMVPC) for used and wholesale dealers. Notably, new (franchise) dealers are not required to post a surety bond in Oklahoma — only used, wholesale, rebuilder, crusher, and auction dealers must be bonded. Surety One, Inc. offers quick, no-hassle underwriting for all Oklahoma motor vehicle dealer bonds.
Bond Amount & Requirements
Oklahoma Statutes Title 47, §581 et seq. (Oklahoma Used Motor Vehicle Dealer Laws) requires all used motor vehicle dealer, wholesale dealer, rebuilder, crusher, and auction license applicants to file a surety bond. The bond must be approved as to form by the Attorney General and filed with the UMVPC. The bond guarantees that the dealer will conduct business without fraud, fraudulent representation, or violation of the Oklahoma Used Motor Vehicle Dealer Laws.
| Bond Amount | License Type | Regulating Body |
|---|---|---|
| $25,000 | Used Motor Vehicle Dealer | UMVPC |
| $25,000 | Wholesale Motor Vehicle Dealer | UMVPC |
| $50,000 | Used Motor Vehicle Auctioneer | UMVPC |
| $15,000 | Motor Vehicle Rebuilder | UMVPC |
| $15,000 | Motor Vehicle Crusher | UMVPC |
| None | New (Franchise) Motor Vehicle Dealer | OMVC |
Important — No Bond for New Dealers: Oklahoma is one of the few states where new (franchise) motor vehicle dealers are not required to post a surety bond. The bond requirement applies only to used dealers, wholesale dealers, rebuilders, crushers, and auctioneers licensed through the UMVPC. New dealer licenses are issued by the separate Oklahoma Motor Vehicle Commission (OMVC), which does not require a surety bond. A separate bond is required for each license category held.
Who Needs This Bond?
The surety bond is required for all license types issued by the UMVPC. New (franchise) dealer licenses issued by the OMVC do not require a bond.
- Used motor vehicle dealers — $25,000 bond (UMVPC)
- Wholesale motor vehicle dealers — $25,000 bond (UMVPC)
- Used motor vehicle auctioneers — $50,000 bond (UMVPC)
- Motor vehicle rebuilders — $15,000 bond (UMVPC)
- Motor vehicle crushers — $15,000 bond (UMVPC)
How Much Does the Bond Cost?
The cost of an Oklahoma motor vehicle dealer surety bond (the “premium”) is a small percentage of the required bond amount. Your exact premium is determined by a number of underwriting factors including your personal credit score, business financial strength, industry experience, and claims history. Because each applicant’s profile is unique, premiums vary and are quoted on an individual basis.
Surety One, Inc. offers competitive rates for all credit profiles, including programs for applicants with challenged credit. Surety bond application review and quoting are free of charge. There is no obligation to purchase. Contact us for your personalized quote.
Oklahoma Dealer License Requirements
In addition to the surety bond, the UMVPC requires the following for a used or wholesale dealer license:
- Completed Used Motor Vehicle Dealer’s Application or Wholesale Motor Vehicle Dealer’s Application
- Dealer education program attendance (held the second Monday of each month at the UMVPC office in Oklahoma City)
- A permanently enclosed building or structure (not a residence or temporary structure) as the established place of business
- Business sign and photographs of the location
- Garage liability insurance with a minimum single limit of $25,000
- Personal history questionnaire for all principals
- Oklahoma Tax Commission sales tax permit (FEIN required)
- Local county or city business license (if required)
- Applicable licensing fees
Application Timing: Both commission boards meet on the second Tuesday of each month to process applications. UMVPC applications must be submitted at least 11 days before the meeting; OMVC applications at least 8 days before.
Filing, Renewal & Cancellation
The original surety bond must be filed with the UMVPC. The bond must run concurrently with the license period. Oklahoma used and wholesale dealer licenses expire on December 31st of each odd-numbered year (e.g., 2025, 2027, 2029), regardless of the date of issuance — making this a biennial (2-year) cycle. The bond must begin on the first day of the even-numbered year and expire on the last day of the following odd-numbered year (e.g., January 1, 2024 through December 31, 2025).
New (franchise) dealer licenses issued by the OMVC follow a different cycle, expiring June 30th annually with renewal due by June 1st.
Bond Claims
A claim against the Oklahoma motor vehicle dealer surety bond may be filed by any person who suffers loss or damage by reason of fraud, fraudulent representation, or the issuance of a certificate of title by the dealer in violation of the Oklahoma Used Motor Vehicle Dealer Laws. The surety company will investigate each claim and compensate valid claims up to the full bond amount. The bonded dealer must reimburse the surety for all amounts paid.
Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (UMVPC)
Used, Wholesale, Auction, Rebuilder & Crusher Dealers
2401 NW 23rd Street, Suite 4
Oklahoma City, OK 73107
Phone: (405) 521-1391
Web: oklahoma.gov/oumvdmhc
Oklahoma Motor Vehicle Commission (OMVC)
New (Franchise) Dealers — No Bond Required
4334 NW Expressway, Suite 183
Oklahoma City, OK 73116
Phone: (405) 421-7591
Web: oklahoma.gov/onmvc
Surety One, Inc. is the Oklahoma surety bond expert provider, licensed in all fifty states, U.S. territories, and Canada. We offer competitive rates and excellent customer service for Oklahoma motor vehicle dealer bonds and all other license bond classes. Need help meeting your UMVPC licensing requirements? Call us at (800) 373-2804, email us at Underwriting@SuretyOne.com, or click here to chat with a live underwriter (no bots!) for immediate assistance. We’re here to support your business success.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.
What We Need From You
Obligee's Bond Form
