A used motor vehicle dealer, as required in section 4501:1-3-11 of the Ohio Administrative Code (OAC), shall post with the Attorney General’s Office in favor of this state, a surety bond in the amount of twenty five thousand dollars ($25,000).
The surety bond is used solely for the purpose of replenishing funds that have been distributed from the Title Defect Rescission (TDR) fund to compensate retail purchasers of the said dealership.
No license will be issued if a surety bond has not been secured meeting the requirements below. Proof that a surety bond has been secured must be submitted with the application.
NOTE: For details regarding the TDR see Ohio Revised Code (ORC) 4505.181.
The surety bond requirements:
Any used motor vehicle dealer that fails to retain a valid bond at any time during the duration of the license, will be immediately referred to the Motor Vehicle Dealers Board for possible suspension or revocation of the license.
Those who are exempt from retaining a bond for a used motor dealer’s license:
Please contact us at (614) 752-7636 or email us at Dealers Support.
Monday - Friday
8:00 A.M. - 5:00 P.M.
Fax: (614) 752-7220
Ohio BMV Dealer Licensing
PO Box 16521
Columbus, Ohio 43216-6521
In Person (Drop-off Services ONLY)
Ohio Department of Public Safety
1970 West Broad Street
Columbus, Ohio 43223
Applications or paperwork may be dropped off near the security desk. All paperwork that requires payment, cash, check or money orders are accepted; however, no receipt will be available.
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