Oregon Commercial Driving School Bond Guide
If you’re applying for a CDL driver training school license in Oregon, you’ll likely need this surety bond.
Bond Overview
- Purpose: To hold CDL training providers accountable for upholding state and federal regulations
- Who Needs It: Commercial driver training school owners
- Regulating Body: The Oregon Driver and Motor Vehicle Services
- Required Coverage: $2,500
- Premium Rate: $100–$250, credit-based
Learn all about the bond requirements and process in this guide.
What Is an Oregon Commercial Driving School Bond?
An Oregon commercial driving school bond ensures that CDL testing schools comply with state and federal regulations and provide honest and accurate assessments.
How Much Do Commercial Driving School Bonds Cost in Oregon?
Oregon commercial driving school bonds cost a small percentage of the bond amount, typically $100–$250.
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 Commercial Driving School Bond?
The Oregon Driver and Motor Vehicle Services requires this bond as part of the licensing process for CDL driver training schools in the state.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Oregon commercial driving school 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 the bond with the Oregon Driver and Motor Vehicle Services as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Oregon Commercial Driving School Bond Work?
As with all surety bonds, a commercial driving school bond creates a legal contract between three parties:
- Principal: You, the CDL driver training school filing the bond
- Obligee: The Oregon Driver and Motor Vehicle Services requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of ORS 822.500-520 and Administrative Rules Chapter 735.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your commercial driving school bond, simply pay your renewal invoice when prompted. We’ll issue a new bond for you to file with the DMV.
