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| Oregon Motorcycle, Mopeds, Snow Mobiles and Class I ATV's Dealer Bond ($2,000) |  |
| Oregon Motorcycle, Mopeds, Snow Mobiles and Class I ATV's Dealer Bond ($10,000) | |
Introduction
In the state of Oregon, individuals or businesses that engage in the sale, exchange, or lease of motorcycles, mopeds, snowmobiles, and Class I all-terrain vehicles (ATVs) are classified as vehicle dealers and are subject to regulation by the Oregon Department of Transportation, Driver and Motor Vehicle Services Division.
These dealers must get the appropriate dealer certification and comply with state laws outlined under Oregon Revised Statutes (ORS) Chapter 822, which governs the licensure and regulation of vehicle dealers in Oregon.
What is the Oregon Motorcycle, Mopeds, Snowmobiles, and Class I ATVs Dealer Bond?
The Oregon Motorcycle, Mopeds, Snowmobiles, and Class I ATV Dealer Bond is a surety bond required as part of the process for businesses licensing engaged in the sale of these types of vehicles. It ensures the dealer operates in compliance with ORS Chapter 822, and it protects the public from financial harm outcomes from the dealer's unlawful or unethical practices.
Purpose of the Bond
This bond serves several critical purposes, primarily focused on consumer protection, regulatory compliance, and financial accountability.
1. Ensures Legal Compliance
The bond guarantees that the dealer will operate in accordance with all applicable state laws and regulations, including those set forth in:
ORS Chapter 822 – Governs the licensing and conduct of vehicle dealers in Oregon.
Related DMV administrative rules – Outlines operational standards for licensed dealers.
2. Protects Consumers and the Public
The bond protects consumers from fraudulent, dishonest, or negligent acts by the dealer. Examples include:
- Failing to deliver a vehicle title properly
- Misrepresenting the condition or legal status of a vehicle
- Not honoring warranty or contractual obligations
- Selling stolen or tampered vehicles
3. Financial Responsibility
By requiring a surety bond, Oregon ensures that only dealers with sufficient financial backing and integrity can enter the market. The bond acts as a form of financial assurance:
- Surety company (issuer of the bond) agrees to cover valid claims up to the bond amount.
- The dealer (principal) is ultimately responsible for repaying the surety if a claim is paid.
4. Supports Regulatory Enforcement
The bond reinforces the authority of ODOT and DMV to enforce state dealer regulations. If a dealer violates the terms of their license, the bond can be used to:
- Pay fines or penalties imposed by the state
- Compensate parties harmed by unlawful practices
- Suspend or revoke the dealer’s license if necessary
Why is this Bond required?
Ensure ethical business practices in the sale of motorcycles, mopeds, snowmobiles, and Class I ATVs.
Protect consumers and the state from fraudulent acts, misrepresentation, or failure to comply with Oregon law.
Allow a person who suffers damages due to a dealer's violation of law to make a claim against the bond.
To obtain a Bond through Swiftbonds
Visit Swiftbonds' Website: Navigate to the specific page for the Oregon dealer bond:
Complete the Online Application: Fill out the application form with accurate business and personal information. Swiftbonds offers a streamlined process for quick approvals.
Receive a Quote: After submitting your application, Swiftbonds will assess your information and provide a quote. The premium is typically a percentage of the bond amount and may vary based on credit history and other factors.
Pay the Premium: Once you agree to the terms, pay the quoted premium to activate the bond.
Obtain and Submit the Bond: Swiftbonds will issue the bond, which you must submit to the Oregon Department of Transportation (ODOT) as part of your dealer licensing requirements.
Conclusion
The Oregon Motorcycle, Mopeds, Snowmobiles, and Class I ATVs Dealer Bond plays a crucial role in:
- Promoting ethical business conduct
- Safeguarding public interests
- Enforcing compliance with Oregon’s vehicle dealer laws
Frequently asked questions
Who needs to obtain this bond?
Any person or business that is:
- Currently licensed to sell only motorcycles, mopeds, snowmobiles, or Class I ATVs, and
- Licensed before January 1, 2018
Is the bond a one-time requirement or recurring?
The bond must be maintained continuously as long as the dealer is licensed. If the bond lapses, the dealer’s license may be suspended or revoked.
What happens if someone files a claim against my bond?
If you violate Oregon dealer laws and a consumer, vendor, or the state suffers financial loss:
- They can file a claim with your surety bond provider
- The surety may investigate and pay the claim, up to the bond amount
- You (the dealer) are legally obligated to reimburse the surety for any paid claim
Can I get the bond with bad credit?
Yes, but the premium will typically be higher. Many surety companies offer bond programs for applicants with low credit scores or past financial issues, although the range may vary.
What is Form DMV 6821?
Form DMV 6821 is the official surety bond form required by the Oregon DMV for dealers of motorcycles, mopeds, snowmobiles, and Class I ATVs. It must be completed by the surety and submitted as part of the licensing or renewal process.