A converter manufacturer — a business that modifies or up-fits completed vehicles before retail sale — must be licensed by the Indiana Secretary of State, Auto Dealer Services Division and post a $25,000 vehicle merchandising bond. Ours is $750 flat, 3% of the bond amount, with one soft credit pull.
















Your converter manufacturer license is waiting on this bond. Here's the entire process — no broker phone tag:
Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.
Most of these clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
Pay online and receive the executed bond (State Form 53966) ready to file through the Auto Dealer Services Division Dealer Portal. Wet-ink originals mailed whenever the state insists.
$25,000 bond × 3% = $750, one-time per term. Fixed amount, fixed price, multi-year if you want it.
Indiana licenses converter manufacturers — businesses that take a completed or incomplete vehicle and convert, modify, or add equipment to it before it reaches the retail buyer — through the Secretary of State's Auto Dealer Services Division under IC 9-32. The license is conditioned on a $25,000 surety bond.
The bond is a consumer-and-public-protection guarantee: it stands behind your compliance with vehicle merchandising law and protects buyers, sellers, financing agencies, and government agencies from loss caused by fraud, misrepresentation, noncompliance, or unpaid taxes and fees.
It is not insurance for you — if the surety pays a claim, you repay the surety. Manufacturers who keep clean records and follow the rules treat the bond as a license formality, not a risk.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$750 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.