Maine Motor Vehicle Dealer Bond

The Secretary of State, State of Maine, Motor Vehicle Division requires the Maine Motor Vehicle Dealer Surety Bond under MRSA Title 29-A, Section 901. This surety bond ensures that the bond holder will observe the provisions of Title 29 M.R.S.A. and all rules promulgated thereunder relating to the business of a motor vehicle dealer. The bond protects the Secretary of State, State of Maine, as well as any person who may suffer a loss due to the bond holder’s failure to comply with all applicable laws and rules. The bond amount varies based on the sales of the preceding year, as follows:
0 to 50 sales- $5,000
51 to 100 sales- $10,000
101 to 150 sales- $15,000
151 to 200 sales- $20,000
201 sales and over- $25,000
Initial licensees will file a bond based on projected sales
To determine the cost of this bond, complete our easy online application.

To Acquire a Maine Motor Vehicle Dealer Bond: 

  1. Complete an online application.
  2. One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
  3. 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.