The Colorado Bond of Motor Vehicle or Powersports Vehicle Salesperson is required by the State of Colorado, Department of Revenue for any person looking to sell motor or powersports vehicles. The bond amount required is $15,000, and the cost to obtain this bond is generally around 1% of this bond amount. The bond is in place to help ensure that said licensee will perform, in good faith, as a Motor Vehicle Salesperson or Powersports Vehicle Salesperson, as applicable, pursuant to §12-6-112(1) and §12-6-513(1), without fraud or fraudulent representation and without violation of any of the provisions of part 1 and/or part 5 of Title 12, Article 6, Colorado Revised Statutes, as amended, that are designated by the Motor Vehicle Dealer Board by rule.
A powersports vehicle can refer to an off-highway vehicle, a personal watercraft, or a snowmobile, as stated by the Colorado Statutes. Per the requirements of the CO Department of Revenue, any such salesperson must be licensed. The requirements to obtain a license (which can also be found on the CO Department of Revenue website) are as follows:
In order to make it easier for applicants, Surety Solutions Insurance Services, Inc. (Surety1) has come up with a simple process that is easy to understand. Our quality service, backed by our A+ rating from the Better Business Bureau, ensures that you will hear from our licensed agents within just one business day.
All we need you to do is to complete our easy to navigate online application form. Once you submit, one of our licensed agents will contact you with a firm quote for the cost of the bond. After any necessary paperwork is signed and payment is collected, your surety bond will be mailed to you via USPS priority mail. Overnight shipping options are also available!
Surety1 has been issuing surety bonds since 2003 and is are licensed in all 50 states.