Who requires it
Alaska Division of Motor Vehicles
License & permit · Alaska
Alaska Motor Vehicle Dealer Bond
Alaska motor vehicle dealers must file a bond with the Division of Motor Vehicles under AS 08.66.060. The amount is $100,000 for dealers generally. Dealers that buy and sell only motorcycles use a $25,000 bond instead. House Bill 36 raised the general dealer amount to the current $100,000 level, and DMV directed active dealers other than motorcycle-only operations to update bonds and liability insurance. The bond is conditioned on the dealer’s compliance with dealer law and on not practicing fraud. Keep the correct amount aligned with your dealer activity for as long as the registration remains active.
Common bond amount
$100,000 / $25,000
$100,000 for dealers generally; $25,000 when dealing only in motorcycles (AS 08.66.060).
How you file
File the DMV dealer bond with the Division of Motor Vehicles
Renewal
Keep in force for active dealer registration; increase the amount if activity expands beyond motorcycles
Who requires it
Applicants for and holders of Alaska motor vehicle dealer registrations under AS 08.66 filing with the Division of Motor Vehicles.
How much is required
Use $100,000 unless the dealership sells only motorcycles, in which case AS 08.66.060 sets $25,000. Expanding beyond motorcycles requires the higher amount.
How to get and file it
Confirm whether the dealership is motorcycle-only, complete the current DMV dealer bond form for that amount in the exact dealer legal name, have an authorized surety execute it, and file with the dealer registration package. Maintain the bond for the life of the dealer registration. If activity changes from motorcycle-only to general vehicle sales, increase to $100,000 before operating under the broader registration. Replace coverage promptly if the surety cancels so the registration does not lapse for lack of a bond.
Cost note
One hundred thousand or twenty-five thousand dollars is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- General motor vehicle dealer
- $100,000
- Motorcycle-only dealer
- $25,000
- Condition
- Compliance with dealer law and no practice of fraud
Official sources
Frequently asked questions
Does selling both cars and motorcycles still allow the $25,000 bond?
No. The $25,000 amount applies only when the dealer deals solely in motorcycles. Any broader motor vehicle activity uses the $100,000 requirement.
When did the $100,000 dealer bond take effect?
House Bill 36 raised the general dealer amount. DMV’s bond-requirement update directed active dealers other than motorcycle-only operations to submit the $100,000 bond (or an increase) and updated insurance proof by the compliance deadline in that notice.
Related Alaska bond guides
Construction Contractors Bond
$5,000–$25,000
Alaska construction contractors and home inspectors must post a bond or deposit with Corporations, Business and Professional Licensing under AS 08.18.071. The statute sets the amount by registration class: $25,000 for a general contractor, $20,000 for a general contractor with a residential endorsement who does only residential work, $10,000 for mechanical contractors, specialty contractors, and home inspectors, and $5,000 for contractors limited to projects of $10,000 or less. The bond runs to the state and is conditioned on taxes and contributions, labor and material claims, and judgments for negligent or improper work, breach of contract, or damage to public facilities. Applicants may file a cash deposit or other negotiable security instead of a surety bond. Coverage stays in force until cancelled, and claims generally must be brought within three years after cancellation. CBPL Form 08-4954 explains naming and thirty-day documentation timing for new licenses, name changes, and renewals.
Mortgage Broker / Lender Bond
≥ $75,000
Alaska mortgage brokers and lenders must maintain a bond under AS 06.60.045. That statute directs the Department of Commerce, Community, and Economic Development to set the amount by regulation and allows one bond to cover every location listed on the license. Regulation 3 AAC 14.053 sets the operative floor at $75,000. The bond stays in force while you are licensed or registered and for three years after the license or registration ends, so claims may still land after the credential closes. File through the Division of Banking and Securities mortgage program, typically coordinated with NMLS when the department requires electronic filing.
Money Transmitter Bond
$25,000 + $5,000 per location
Alaska money transmitters must furnish a bond or other accepted coverage under AS 06.55.104 before the Division of Banking and Securities will license the activity. The baseline formula is $25,000 plus $5,000 for each location, with the location addition capped at $125,000—so the ordinary schedule tops out at $150,000. Coverage may be a surety bond, a letter of credit, or another form the department accepts. The department may raise the required amount up to $500,000 based on the volume of money transmission business. Whatever instrument you use must remain available for claims for at least five years after the licensee stops providing money transmission services in Alaska.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Alaska application
Alaska will be preselected. Choose your bond type in the application—we confirm the correct product against your agency form before anything is issued.
Last verified 2026-08-12. This guide is based on verified educational content and official sources.
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