DEALER BONDS

IADA Services, Inc. provides members with Dealer Bonds through Old Republic Surety Bonds. The 1 year premium for a new car dealer bond is $175 and a used car dealer bond yearly premium is $250. Any person wishing to sell motor vehicles is required by the State of Iowa to obtain a dealer license before they can offer vehicles for sale to the public. As part of this process, the State requires that prospective dealers post a surety bond called a Motor Vehicle Dealer Bond in the penal sum of $50,000. These bonds guarantee the dealer will operate in compliance with Iowa statutes and are designed to protect customers from dealer violations of Iowa's motor vehicle code. 

Please click here for the bond application and instructions. 

Contact Holly or Jessi at 1-800-869-1966 with any questions.