This surety bond is required in the amount of $50,000 by the Iowa Department of Transportation, Office of Vehicle Services, under Iowa Code 322.4. The bond ensures that the bondholder will honestly comply with all the statutes of the State of Iowa regulating the business of said dealer as a dealer in motor vehicles, and will indemnify any person who buys a motor vehicle from the dealer from any loss or damage occasioned by the failure of the dealer to comply with any of the provisions of Chapters 321 and 322, the Code of Iowa, as amended. To determine the cost of this bond, simply complete our easy online application.
To Attain an Iowa Motor Vehicle Dealer Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.