Oregon possessory lien foreclosure bonds.
$225 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 $225 flat, set by our carrier's rate book for this bond, and no credit check .
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How much does an Oregon possessory lien foreclosure bond cost?
$225 at the $20,000 amount, the same for every applicant.
Three steps. One sitting.
No credit check. The whole process:
Apply online
Business details, mailing address, and an effective date. That is the application. No credit check.
Pay & e-sign
Fixed-amount license-style bonds like this are among the many that issue right after purchase.
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
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 $20,000 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 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 sets the price
The premium is fixed at $225 at the $20,000 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. No credit check.
Start the application →Common questions.
Other Oregon bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Foreclose the lien today.
$225 flat, no credit check, bond often issued in the same sitting. Free until issued.