OK used MV auction dealer bonds.
$1,500 flat. Soft pull.

To run a used motor vehicle auction in Oklahoma, a dealer files a $50,000 bond with the Used Motor Vehicle, Dismantler, and Manufactured Housing Commission under 47 O.S. §583. Ours is $1,500 flat — 3% of the bond amount. One soft credit pull, e-signed in 1–2 business days.

Required to conduct a used vehicle auction — through OUMVDMHC under 47 O.S. §583
$50,000 standard — drops to $25,000 with $50,000 check & title insurance
Soft credit pull only — never affects your score, and the rate stays 3% either way
A-ratedA.M. Best carriers1–2 daystypical issuance1–3 yrterms available
Trusted by industry leaders
NYCEDC
BDG
Capital
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NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Three steps to licensed.

Your auction-dealer license is waiting on this bond. Here's the entire process — no broker phone tag:

TODAY · 5 MINUTES

Apply once, online

Business details, owner information, effective date. The only extra step is a one-time consent to a soft credit pull.

WITHIN 48 HOURS

Reviewed & approved

Most 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.

1–2 BUSINESS DAYS

E-sign & file with OUMVDMHC

Pay online and receive the executed bond, approved as to form, ready to file with your used motor vehicle auction dealer application. Wet-ink originals mailed when the Commission insists.

The whole pricing page.

$50,000 bond × 3% = $1,500, one-time per term. Fixed amount, fixed price, multi-year if you want it.

1-year term
$1,500
2-year term
$3,000
3-year term
$4,500
About this bond

What it is and who needs it.

What the bond actually guarantees

Oklahoma licenses used motor vehicle dealers through the Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (OUMVDMHC) — formerly the Used Motor Vehicle and Parts Commission. A dealer who intends to conduct a used vehicle auction must file a $50,000 bond under 47 O.S. §583.

The bond is a consumer-and-public-protection guarantee: it stands behind clear title on the vehicles sold through the auction and the dealer's compliance with Oklahoma's motor vehicle sales laws. It is a three-party arrangement — you (the principal), the surety, and the Commission together with harmed buyers.

The statute lets an auction applicant reduce the bond to $25,000 by carrying check and title insurance of at least $50,000. The bond is approved as to form by the Attorney General and runs on the Commission's odd-year cycle. It is not insurance for you — if the surety pays, you repay the surety.

47 O.S. §583 (OUMVDMHC auction provision)Title 47, Oklahoma Statutes §583 conditions a used motor vehicle auction dealer license on a $50,000 surety bond filed with the Used Motor Vehicle, Dismantler, and Manufactured Housing Commission; an applicant with check and title insurance of at least $50,000 may instead file a $25,000 bond. Bonds are approved as to form by the Attorney General and expire December 31 of the odd-numbered year after issuance. Confirm your amount on the Commission application.

You need this bond if you're

Applying to run a used vehicle auction — a used motor vehicle dealer auctioneer license
Renewing your auction dealer license and your current bond is expiring or non-renewing
Reducing to a $25,000 bond by carrying $50,000 check & title insurance
Moving an auction operation to Oklahoma and getting licensed here

Five minutes. The whole thing.

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 →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

Do I pay the $50,000? +
No. You pay $1,500 — the flat 3% of the bond amount. The $50,000 is the surety's maximum liability to the Commission and harmed buyers; it's not a deposit, and nobody holds your money.
Can the bond amount be lower? +
Yes. If you carry check and title insurance of at least $50,000, 47 O.S. §583 lets the auction bond drop to $25,000 — that is $750 at our flat 3%. Tell us and we issue the lower amount.
Who requires this bond? +
The Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (OUMVDMHC) requires it as a condition of a used motor vehicle auction dealer license under 47 O.S. §583. No active bond, no license.
Is there a credit check? +
Yes — one soft credit pull, which never affects your score. It informs approval, not price. The rate is a flat 3% either way: credit can affect whether we approve the bond, never what it costs.
When does it renew? +
Commission bonds expire December 31 of the odd-numbered year after issuance. You can buy a 1, 2, or 3-year term; we send renewal notices 60 and 30 days out, with autopay available, so your license never lapses.
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OUMVDMHC is waiting on one document.

$1,500 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.

Your premium @ 3%$1,500
Apply now →