What Is an Oklahoma Surety Bond?
As in all U.S. states, many types of businesses are required to post an Oklahoma surety bond to ensure their legal operation in the state.
The purpose of surety bonds is to protect the state, and the general public, from fraudulent activities on the side of individuals and businesses. That’s why they work as a three-party contract. The entity that needs bonding is the principal, the obligee is the authority requiring it, and the surety is the bond underwriter.
Depending on the circumstances, you might be asked to post one of these three main kinds of Oklahoma surety bonds.
License bonds are required from auto dealers, freight brokers, mortgage brokers, and a variety of other trades when applying for a business license. They guarantee compliance with state regulations governing your field.
Contract bonds are needed when construction contractors want to bid on private or public projects. Their purpose is to ensure the timely and quality performance of contracts, and fulfillment of all other contract obligations.
- Court bonds are not required that often. An Oklahoma court might ask you to post one if you want to appeal a judgment in front of an appellate court, or if you are appointed as a fiduciary for another person.
Ready to start your bonding process? Find the exact Oklahoma surety bond that you need in the table below, of the most popular Oklahoma bonds. Or, have a look at the general table of Oklahoma surety bonds at the end of the page.
Need help? Don’t hesitate to call us at (877) 514-5146.
Most Popular Surety Bonds in Oklahoma
Want to become an Oklahoma notary public? You’ll need to post a $1,000 notary bond.
All freight brokers across the U.S., including in Oklahoma, have to obtain a $75,000 freight broker bond.
Licensed contractors in Oklahoma have to post a $5,000 contractor license bond in order to operate legally.
About to start your used car dealership in Oklahoma? You will be asked to post a $15,000 auto dealer bond.
Interested in mortgage lending? You’ll need a $100,000 Oklahoma mortgage broker bond.
If you’d like to sell cigarettes and/or unstamped tobacco products, you’ll have to get a $25,000 Oklahoma cigarette tax bond.
Frequently Asked Questions
How much does an Oklahoma surety bond cost?
The first and foremost factor that determines your surety bond cost is the Oklahoma surety bond amount that you are required to post. Depending on the business you are in, this amount might be fixed across all states, set individually in each state or city, or even determined on a case-by-case basis.
To understand how your bond price will be formulated, it’s important to differentiate between the bond amount and the bond premium. In fact, you only need to pay a fraction of the bond amount in order to get bonded. This percentage is called the bond premium. For the standard bonding market, the premium is in the range of 1%-4%.
How is this percentage decided? Your surety examines your personal and business financials to check the stability of your business. The most common factors are personal credit score and business financials. The premium is then decided on the basis of the risk involved in getting you bonded. If your finances are solid, you can expect a lower percentage.
Can I get an Oklahoma surety bond with bad credit?
At Lance Surety Bonds, we know how difficult it can be to get the bond you need when you have bad credit. That’s why getting an Oklahoma surety bond is still possible with our Bad Credit Program.
If your finances are far from perfect, you can expect a bond premium of 5%-15%, to mitigate the higher risk. Still, we will make sure to offer you the best bonding option for your case. We forge strong relationships with numerous A-rated, T-listed surety companies, so we can shop around for you.
How to get bonded in Oklahoma?
You can start your bonding process today! Just apply online for your free bond quote. After you submit your full application and set of documents, you will also get an exact bond price in no time.
Need help with your application? Call us at (877) 514-5146. Lance Surety Bonds’ experts are here to help.
For a complete picture of how bonding works, make sure to check out our How to Get Bonded page.
Find Your Oklahoma Surety Bond
|Contractor License Performance & Payment (Local) Bond||Building Contractor Bond||City of Enid||Apply Now|
|Contractor License Performance & Payment (State) Bond||Construction Industries Board License||Oklahoma Construction Industries Board||Apply Now|
|Contractor License Performance & Payment (State) Bond||Well Operator Bond||Oklahoma Corporation Comission Oil and Gas Divisio||Apply Now|
|Debt Consolidators Bond||Credit Services Organization License||OK Dept of Consumer Credit||Apply Now|
|Professional Fund Raisers Bond||Professional Fund Raisers Bond||Oklahoma Secretary of State||Apply Now|
|Insurance Adjusters Bond||Public Adjuster's Bond||State of Oklahoma Insurance Commissioner||Apply Now|
|Insurance 3rd Party Administrator Bond||Third Party Administrator's||People of the State of Oklahoma||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Supervised Lender License||Administrator, Dept of Consumer Credit||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Supervised Lender License||Dept of Consumer Credit||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Mortgage Lender Bond||Administrator of the Department of Consumer Credit||Apply Now|
|Small Loan Companies Bond||Supervised Lender License||Dept of Cosumer Credit||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Wholesale Motor Vehicle Dealer's Bond||Used Motor Vehicle & Parts Commission||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Used Motor Vehicle Dealer||Used Motor Vehicle and Parts Commission||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Used Traile, Automobile, Merchandise Salvage or Se||The City of Oklahoma City-Licensing Division||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Used Motor Vehicle Salesperson's Bond||Used Motor Vehicle and Parts Commission||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Manufactured Home Manufacturer's Bond||Used Motor Vehicle and Parts Commission||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Motor License Agent Bond||Oklahoma Tax Commission||Apply Now|
|Sport Permits Bond||Boxing, Kickboxing, MMA and Wrestling||Oklahoma state athletic||Apply Now|
|Sport Permits Bond||BOXING, KICKBOXING, MMA AND WRESTLING EVENTS BOND||Oklahoma State Athletic||Apply Now|
|Sport Permits Bond||Athlete Agent Bond||Oklahoma Secretart of State||Apply Now|
|Health Spas/Health Clubs Bond||HEALTH SPA REGISTRATION||Oklahoma Department of Consumer Affairs||Apply Now|
|Detectives Bond||Oklahoma Statutes||Council on Law Enforcement Education and Training||Apply Now|
|Professional Licenses (All Other) Bond||Professional Licenses (All Other) Bond||Oklahoma Secretary of State||Apply Now|
|Professional Licenses (All Other) Bond||Precious Metal and Gem Dealer License||Oklahoma Dept. of Consumer Credit||Apply Now|
|Professional Licenses (All Other) Bond||Bail Enforcement Bond||Council on Law Enforcement Education and Training||Apply Now|
|Schools (All) Bond||Parent Taught Driver Education Provider Bond||OK Department of Public Safety||Apply Now|
|Schools (All) Bond||Private School Bond||Oklahoma Board of Private Vocational Schools||Apply Now|
|Alcohol (Manufacturers, Warehouses, Wholesalers) Bond||Alcoholic Beverage Tax||Oklahoma Tax Commission||Apply Now|
|Alcohol (Retailers) Bond||Mixed Beverage Gross Receipts Tax Bond||OK Tax Commission||Apply Now|
|Cigar/Cigarette & Tobacco Tax Bond||Cigarette Stamp & Unstamped Tobacco Products Tax||Oklahoma Tax Commission||Apply Now|
|Cigar/Cigarette & Tobacco Tax Bond||Non-Participating Tobacco Manufacturer||Office of Attorney General, Tobacco Enforcement||Apply Now|
|Contractors Tax (Single Contract) Bond||Nonresident Contractor's Bond||Oklahoma Tax Commission||Apply Now|
|Miscellaneous Taxes Bond||Land Application Company Bond||Oklahoma Corporation Commission||Apply Now|
|Miscellaneous Taxes Bond||Gross Production Tax Bond||Oklahoma Corporation Comission Oil and Gas Divisio||Apply Now|
|Utility Deposit Bond||Utility Service||City of Edmond||Apply Now|
|Utility Deposit Bond||OG & E Utility Deposit Bond||OG & E Electric Services||Apply Now|
|Telemarketing/Phone Solicitor Bond||Telemarketing||Office of The Attorney General||Apply Now|