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An Application for a license must be accompanied by evidence of a bond in the amount of twenty-five thousand dollars ($25,000) that is in favor of the Secretary of State and secures payment of fines, penalties, costs, and fees assessed by the Secretary.
The Secretary of State Auto Dealer Services Division's new bond form is State Form 53966 (R4/5-14)This is the same form number as the previous bond form, but an updated version. Please ensure you are using the (R4/5-14) version of the bond form.
Beginning September 1, 2014, the Division will no longer accept a bond form that is not State Form 53966 (R4/5-14). Any bonds dated September 1, 2014 or later must be on the new form.
The Division will accept continuation certificates for existing bonds as we have throughout this entire process.