Type of Business 

Number of Vehicles Sold or Transferred 

Bond Amount Required 

New Vehicle Dealer License

1-500
501-1,000
1,001-2,500
Over 2,500

$50,000
$75,000
$100,000
$300,000

Used Vehicle Dealer License

1-250
251-500
501-1,000
1,001-2,500
Over 2,500

$15,000
$25,000
$35,000
$50,000
$150,000

Wholesale Vehicle Dealer License

1-250
251-500
501-1,000
1,001-2,500
Over 2,500

$15,000
$25,000
$35,000
$50,000
$150,000

Motorcycle Dealer License
(new vehicles)

1-500
501-1,000
1,001-2,500
Over 2,500

$50,000
$75,000
$100,000
$300,000

Motorcycle Dealer License
(used vehicles)

1-250
251-500
501-1,000
1,001-2,500
Over 2,500

$15,000
$25,000
$35,000
$50,000
$150,000

Emergency Vehicle Dealer
(new vehicles)

1-500
501-1,000
1,001-2,500
Over 2,500

$50,000
$75,000
$100,000
$300,000

Emergency Vehicle Dealer
(used vehicles)

1-250
251-500
501-1,000
1,001-2,500
Over 2,500

$15,000
$25,000
$35,000
$50,000
$150,000

Trailer Dealer License
(boat trailers)

N/A

$5,000

Trailer Dealer License (trailers under 15 feet in length)

N/A

$5,000

Trailer Dealer License (trailers 15 feet or longer)

1-250
251-500
501-1,000
1,001-2,500
Over 2,500

$15,000
$25,000
$35,000
$50,000
$150,000

Manufacturer, Second Stage Manufacturer, Distributor, or Factory Branch License

1-50
51-500
501-10,000
Over 10,000

$25,000
$50,000
$100,000
$300,000

Title Service

N/A

$25,000

Reason 

Fee

Comments 

Fine for dealer's late submission of documents, taxes and/or fees

$15.00 per transaction

• Assessed when title documents, excise tax and related fees for a vehicle transaction are submitted by a dealer to the MVA more than 30 days after the vehicle's date of delivery

Additional late submission fine

$1.00 per transaction per day

• Assessed on the second late day and each day late thereafter.