Oklahoma Motor License Tag Agent Bond Guide
If you’re applying for a tag agent license in Oklahoma, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure tag agencies uphold state regulations and operate ethically
- Who Needs It: Private businesses conducting vehicle registration services on behalf of the state
- Regulating Body: The Oklahoma Tax Commission
- Required Coverage: $10,000–$100,000
- Premium Rate: 1–3% based on credit score
Learn all about the bond requirements and process in this guide.
What Is an Oklahoma Motor License Tag Agent Bond?
An Oklahoma motor license tag agent bond ensures that private tag agencies pay all vehicle registration taxes owed to the state.
The Oklahoma Tax Commission requires $10,000–$100,000 in coverage based on the volume of transactions the tag agency processes.
How Much Do Motor License Tag Agent Bonds Cost?
Oklahoma motor license tag agent bonds cost a small percentage of the required coverage amount, typically 1–3%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Motor License Tag Agent Bond?
The Oklahoma Tax Commission requires this bond for all private businesses that conduct vehicle registration services on behalf of the state.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Oklahoma motor license tag agent bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the Oklahoma Tax Commission as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Oklahoma Motor License Tag Agent Bond Work?
A motor license tag agent bond creates a legal contract between these three parties:
- Principal: You, the tag agent filing the bond
- Obligee: The Oklahoma Tax Commission requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Oklahoma Statutes Title 47 § 1140.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your motor license tag agent bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
