Oregon Vehicle Dismantler Business Bond Guide
If you’re applying for a Dismantler Certificate in Oregon, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure dismantlers uphold state regulations
- Who Needs It: All vehicle dismantler businesses in Oregon
- Regulating Body: The Oregon Driver and Motor Vehicle Services
- Required Coverage: $100,000
- Premium Rate: Credit-based, typically 1–10%
Learn all about the bond requirements and process in this guide.
What Is an Oregon Vehicle Dismantler Business Bond?
An Oregon vehicle dismantler business bond ensures that dismantlers properly handle vehicles and major component parts.
It also guarantees honest record-keeping and reporting to the Oregon Driver and Motor Vehicle Services.
How Much Do Vehicle Dismantler Business Bonds Cost?
Oregon vehicle dismantler business bonds cost a small percentage of the $100,000 coverage amount, typically 1–10%.
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 Vehicle Dismantler Business Bond?
The Oregon Driver and Motor Vehicle Services requires all businesses performing the following services to file this surety bond and hold a Dismantler Certificate:
- Destroying, salvaging or substantially altering vehicles
- Buying, selling or processing used major vehicle parts for resale as inventory
*Note: You do not need this bond or a certificate if you are a new vehicle dealer or a vehicle repair shop that only holds used parts for repair work.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Oregon vehicle dismantler business 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 email you the bond shortly after purchase. Be sure to file it with 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 Vehicle Dismantler Business Bond Work?
A vehicle dismantler business bond creates a legal contract between these three parties:
- Principal: You, the dismantler business 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 the Oregon Administrative Rules Chapter 735, Division 152.
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 vehicle dismantler business bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.
