Nebraska auction dealer bonds.
$1,000 flat.

Nebraska requires a licensed motor vehicle auction dealer to file a $100,000 bond with the Motor Vehicle Industry Licensing Board — double the standard dealer bond. Ours is $1,000 flat — set by our carrier’s rate book. A quick soft credit check may apply, e-signed in 1–2 business days.

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Required for an auction dealer license through the Motor Vehicle Industry Licensing Board

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Fixed amount, fixed price — $100,000 bond, $1,000, no quote theater

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A quick soft credit check may apply — never a hard inquiry, no impact on your score, and the price stays $1,000 either way

A-ratedA.M. Best carriersInstantissued the moment you paySoft pullnever affects score

Trusted by industry leaders

How it works

Three steps to licensed.

Your auction license is waiting on this bond. Here is the entire process:

TODAY · ONLINE

Apply once, online

Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a quick soft credit check.

WITHIN 48 HOURS

Reviewed & approved

A larger bond may get a closer look, but most clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.

1–2 BUSINESS DAYS

E-sign & file with the Licensing Board

Pay online and receive the executed $100,000 bond, ready to file with your auction dealer license application. Wet-ink originals mailed whenever the Board insists.

About this bond

What it is and who needs it.

What the bond actually guarantees

Nebraska licenses motor vehicle auction dealers through the Motor Vehicle Industry Licensing Board and sets their bond at $100,000 — twice the standard dealer figure, reflecting the volume of vehicles and money that move through an auction.

The bond is a consumer-and-public-protection guarantee backing the auction’s compliance with the Nebraska Motor Vehicle Industry Licensing Act — clear title, proper handling of funds, and honest dealing. Harmed buyers, sellers, and dealers can recover against it.

It is not insurance for you — if the surety pays a claim, you repay the surety. Auctions that deliver clean title and settle accounts promptly treat the bond as a license formality.

Neb. Rev. Stat. 60-1419 (MVILB — auction dealers)Under Neb. Rev. Stat. 60-1419, an applicant for a motor vehicle auction dealer license must furnish the Motor Vehicle Industry Licensing Board a corporate surety bond in the penal sum of not less than $100,000 — double the $50,000 standard dealer bond. The bond protects against losses from noncompliance with the Motor Vehicle Industry Licensing Act. Auction licenses expire December 31 each year and must be renewed before expiration.

You need this bond if you are

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Applying for an auction dealer license with the Motor Vehicle Industry Licensing Board

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Renewing an auction license before the December 31 expiration

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Operating a wholesale auto auction that the Board conditions on the $100,000 bond

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Expanding into Nebraska as an out-of-state auction operator

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a quick soft credit check. Submit once and your bond is typically issued within 1–2 business days.

Start the application →

FAQ

Common questions.

Do I pay the $100,000?No. You pay $1,000 — the flat price our carrier sets for this bond. The $100,000 is the surety’s maximum liability; it’s not a deposit, and nobody holds your money.

Why is it $100,000 and not $50,000?Nebraska sets the auction dealer bond at twice the standard dealer figure under Neb. Rev. Stat. 60-1419, reflecting the higher volume of vehicles and funds that pass through an auction.

What does the bond guarantee?That the auction delivers clear title, handles customer and consignor funds properly, and follows the Motor Vehicle Industry Licensing Act. If you fail to and someone is harmed, they can claim against the bond — and if the surety pays, you repay the surety.

Is there a credit check?A quick soft credit check may apply — never a hard inquiry, no impact on your score. It informs approval, not price. The price stays $1,000 flat either way.

When does it renew?Nebraska auction licenses expire December 31 each year. This bond runs to December 31 whatever day you buy, and renews from that date; we send renewal notices 60 and 30 days out.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Same family

Other Nebraska motor vehicle dealer bonds.

Not sure this is the one your license calls for? These are the other motor vehicle dealer bonds we write in Nebraska. Each has its own statute and bond amount.

Related bonds

Other Nebraska bonds.

The Licensing Board is waiting on one document.

$1,000 flat, short application, e-signed bond in 1–2 business days. Free until issued.

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Your price$1,000

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Nebraska auction dealer bonds.$1,000 flat.