Delaware motor vehicle sales finance bonds.
$250 flat.
Delaware licenses sales finance companies, which purchase retail installment contracts on motor vehicles, through the Office of the State Bank Commissioner, and every licensee files a $25,000 corporate surety bond with the Commissioner under 5 Del. C. § 2914. Ours is $250 flat.
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How much does a Delaware motor vehicle sales finance bond cost?
$250 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Sales finance company license bonds are among the simplest filings in surety. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $250 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the State Bank Commissioner
Your executed bond arrives by email, ready to file with your sales finance company license through the Office of the State Bank Commissioner. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Delaware requires anyone engaging in business as a sales finance company — buying retail installment contracts on motor vehicles from dealers, or otherwise financing motor vehicle sales — to hold a license from the Office of the State Bank Commissioner under 5 Del. C. § 2902. Section 2914 of the same chapter requires every licensee to file an original corporate surety bond in the principal sum of $25,000, written by a surety authorized to transact business in Delaware.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Delaware (the obligee). The bond runs to the State for the benefit of the Office of the State Bank Commissioner and of consumers injured by a licensee's wrongful act, omission, default, fraud, or misrepresentation in the course of the licensed business.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond's term must stay commensurate with the license period, so it has to remain continuously on file; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $25,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the State Bank Commissioner. Your executed bond arrives by email, ready to file with your sales finance company license through the Office of the State Bank Commissioner. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $250 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Delaware bonds.
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Price and requirements checked on the carrier’s application, . Page updated .
Finish your sales finance company license today.
$250 flat, issued the moment you pay, no credit check. Free until issued.