A broker for the transportation of property — who arranges shipments between Virginia property carriers — must keep a $25,000 bond on file with DMV Motor Carrier Services (form OA 437). Ours is $250 flat, the price our carrier rate book sets for this bond, and the application collects no credit information.
















License bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. That's the application — no financials, no credit section, no follow-up scavenger hunt.
License bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond (form OA 437) arrives by email, ready to file with your property broker application. Wet-ink original mailed on request.
A broker for the transportation of property arranges shipments without operating the trucks — connecting shippers with Virginia-authorized property carriers. The Virginia DMV licenses these brokers and requires a $25,000 bond or letter of credit on file with Motor Carrier Services as a condition of the license.
It's a three-party arrangement: you (the principal), the surety carrier, and the Commonwealth of Virginia (the obligee), with shippers and carriers as the protected parties. If a broker fails to pay a carrier or otherwise violates the motor carrier laws, the harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond is filed on form OA 437, and a property broker may not arrange the transportation of household goods (that is a separate authority).
These are the actual issuing fields — the application collects no credit information.
Start the application →$250 flat, no credit review, bond often issued in the same sitting. Free until issued.