OR possessory lien foreclosure bonds.
$200 flat.
Before an Oregon shop or storer can foreclose a possessory lien on a vehicle, ORS 87.152 requires a $20,000 bond on file with the DMV. Ours is $200 flat, set by our carrier's rate book for this bond, and the application collects no credit information.
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Three steps. One sitting.
This is a fixed-amount bond with no credit section. The whole process:
Apply online
Business details, mailing address, and an effective date. That is the application — no financials, no credit fields.
Pay & e-sign
Fixed-amount license-style bonds like this are among the many that issue right after purchase. At most, 1–2 business days.
File with the DMV
Your executed bond arrives by email, ready to file with the Oregon DMV. The DMV holds the bond; you also submit a yearly letter certifying it remains in effect. Wet-ink originals mailed on request.
What it is and who needs it.
What the bond actually guarantees
Under ORS 87.152, a person who creates a possessory lien on a motor vehicle — typically a repair shop or storage facility holding a car for unpaid charges — must have a $20,000 surety bond in effect before, and maintain it during, any lien activity. It's filed with and held by the Oregon Department of Transportation (DMV).
The bond is conditioned to compensate parties damaged by a misrepresentation, fraud, or statutory violation in connection with the possessory lien. In other words, it protects the vehicle's owner and lienholders against an improper or abusive foreclosure or sale.
Some parties are exempt — franchised dealerships, manufacturers, towing certificate holders, and those dealing with abandoned vehicles. If a claim is paid against the bond, the lienholder must file a replacement within three business days, and a yearly letter to the DMV certifies the bond stays in effect.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — the application collects no credit information, because this bond doesn't need it.
Start the application →Common questions.
Other Oregon bonds.
Foreclose the lien today.
$200 flat, no credit review, bond often issued in the same sitting. Free until issued.