Who requires it
Wyoming Department of Transportation — Motor Vehicle Services
License & permit · Wyoming
Wyoming Motor Vehicle Dealer Bond
Wyoming vehicle dealers and Wyoming-based manufacturers must file a twenty-five-thousand-dollar surety bond with the Department of Transportation under W.S. 31-16-103(h). The statute requires a surety licensed in Wyoming, attorney-general approval of the form, a guarantee that the dealer will return the license, manufacturer plates, full-use and demo plates, and temporary permits, and a condition that the applicant will not practice fraud or violate dealer-related federal or state law. Official Form MV-424 sets the same twenty-five-thousand-dollar amount payable to WYDOT as agent for the state. The form’s instructions require a one-year obligation, reject continuation certificates, and allow cancellation only when a newly executed bond already covers the same period. The name on the bond must match the Wyoming Secretary of State filing exactly—including capitalization and punctuation—or WYDOT will reject the bond.
Common bond amount
$25,000
Fixed under W.S. 31-16-103(h) for dealers and Wyoming-based manufacturers.
How you file
File Form MV-424 with the Department of Transportation
Renewal
One-year term; no continuation certificates; replace before any cancellation gap
Who requires it
Applicants for Wyoming licenses to operate as a vehicle dealer or Wyoming-based manufacturer under W.S. 31-16-103 filing with WYDOT Motor Vehicle Services.
How much is required
The statute and Form MV-424 fix the amount at $25,000. There is no sales-volume dealer-bond tier under this subsection.
How to get and file it
After WYDOT confirms the application path, complete Form MV-424 for $25,000 in the exact legal name and DBA on file with the Secretary of State, state the ownership structure in the caption, show the business location address, have an authorized Wyoming surety execute the bond with matching power-of-attorney dates, and file the original with Motor Vehicle Services. Keep a one-year MV-424 obligation in force for each license year. Do not rely on a continuation certificate—WYDOT will not accept one. If the surety cancels, have a newly executed bond covering the same period in place first. Renew naming and address details whenever the dealership’s legal identity or location changes.
Cost note
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
- Required amount
- $25,000
- Term
- One-year obligation on Form MV-424
- Continuation certificates
- Not acceptable
- Naming
- Must match Wyoming Secretary of State legal name exactly
Official sources
Related resources
Frequently asked questions
Does a low-volume dealer get a smaller Wyoming bond?
No. License fees under W.S. 31-16-103 vary with how many vehicles a dealer sells, but the surety face in subsection (h) remains $25,000 for dealers and Wyoming-based manufacturers.
Can I cancel my dealer bond mid-year without a replacement?
Form MV-424 instructions say cancellation will not be accepted unless a newly executed bond is already in place for the same time period as the original bond.
Related Wyoming bond guides
Mortgage Lender / Broker Bond
$25,000–$100,000
Wyoming mortgage lenders and brokers must maintain a surety under the Residential Mortgage Practices Act, W.S. 40-23-110. The bond covers individual loan originators employed by or under contract with the licensee and runs to the state. Since January 1, 2010, the commissioner sets the amount by rule from the licensee’s Wyoming loan volume. Chapter 2 of the Banking rules starts new licensees at twenty-five thousand dollars until the first renewal, then steps the amount to twenty-five, fifty, or one hundred thousand dollars when prior-year Wyoming loans made or brokered are at or below three million, above three million but under ten million, or at least ten million dollars. Organizations that employ or contract with mortgage loan originators under the Wyoming Uniform Consumer Credit Code follow a parallel volume schedule in W.S. 40-14-637 and Chapter 5 rules, with the annual adjustment due before January 31. Under W.S. 40-23-110, the surety remains a continuing obligation until the commissioner releases it in writing; if never released, the bond expires two years after the license is surrendered, revoked, or expires. Do not use the pre-2010 statutory formula of twenty-five thousand dollars plus ten thousand dollars per licensed office—that schedule no longer governs current renewals.
Money Transmitter Bond
$10,000–$500,000
Wyoming money transmitters must furnish a security device under W.S. 40-22-106 with the license application or upon approval. The statute accepts a surety bond, an irrevocable letter of credit, or another similar device the commissioner finds acceptable. The required amount is ten thousand dollars or two and one-half times the outstanding payment instruments, whichever is greater, but not more than five hundred thousand dollars. The commissioner may raise the amount within that maximum when a licensee’s financial condition is impaired. The security runs to the state for claimants to secure faithful performance of money-receipt, handling, transmission, and payment obligations. The statute also allows depositing cash or certain securities with a financial institution as an alternative to the surety or letter of credit. File electronically through NMLS as the Division of Banking requires.
Collection Agency Bond
$10,000
Wyoming collection agencies must furnish ten thousand dollars of security under W.S. 33-11-108 after the Collection Agency Board approves the application. The statute accepts either a surety bond from a company licensed in Wyoming or a ten-thousand-dollar cash deposit with the state treasurer. The bond runs to the state and to claimants and is conditioned on turning over collection proceeds—less agreed charges—to the creditors who placed debts with the agency. Claims go first to the board, which notifies the surety; if the surety does not pay or settle within thirty days, the claimant may sue on the bond. When a surety withdraws, or when the insurance commissioner revokes the surety’s authority, the licensee has thirty days after board notice to file a new bond or lose the right to operate. Each Wyoming office is licensed separately, and board rules require branch offices to meet full licensing requirements—so budget a ten-thousand-dollar bond for each licensed location.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Wyoming application
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Last verified 2026-08-12. This guide is based on verified educational content and official sources.
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