Motor Vehicle, Mobile Home, Manufactured home, and travel trailer dealers must all be licenesed with the Office of Vehicle Services in order to conduct business in the State of Iowa. Licenses are issued using a staggered system with 2, 4, and 6 year periods.
All applicants must have a physical location with a telephone installed and in the dealers name. Motor Vehicle dealers must have a repair and display facility as well as on-site inspection.
The Department of Transportation requires a $50,000 motor vehicle bond, or Mobile/Manufactured home retailer bond. A $25,000 surety bond is required of travel trailer dealers.
Iowa MVD's with a low credit scores, or public records on their personal credit report (Bankruptcy, Liens, Collection, or Civil Judgments) may find a difficult time getting bonded. Bryant Surety Bonds, Inc offers a Bad Credit Surety Bond Program that is specially tailored to your needs and can get you approved. This program is available for all bad credit Auto Dealers.
*Information for state licensing is provided as a guide, always verify with the state that the information is correct.