Oregon Surety Bonds Explained
You may need to post an Oregon surety bond in diverse situations, such as when you apply for a business license, when you want to bid on construction projects, or when a court demands you to get bonded.
Your surety bond represents a contractual agreement between three parties. The principal is the entity that has to obtain a bond. The authority that demands it is the obligee. The surety is the third party that provides the bond backing.
In the sections below, you can find thorough information about the bond types in Oregon, the way your bond price is formulated, and how to get started with the bonding.
Find Your Oregon Surety Bond
| Freight Broker Bond (BMC-84) | N/A | FMCSA | Apply Now |
| General license & permit bond (not listed) | N/A | N/A | Apply Now |
| Contractor License Performance & Payment (State) Bond | Residential Construction Contractor License | Construction Contractors Board | Apply Now |
| Contractor License Performance & Payment (State) Bond | Landscape Contractor License | Landscape Contractors Board | Apply Now |
| Contractor License Performance & Payment (State) Bond | Landscape Contractor License | Landscape Contractors Board | Apply Now |
| Contractor License Performance & Payment (State) Bond | Landscape Contractor License | Landscape Contractors Board | Apply Now |
| Contractor License Performance & Payment (State) Bond | State of Oregon Construction Contractor Board- Com | Construction Contractor Board | Apply Now |
| Contractor License Performance & Payment (State) Bond | Water Well Constructor's | OR Water Resources Department | Apply Now |
| Contractor License Performance & Payment (State) Bond | Statutory Public Works | Construction Contractors Board | Apply Now |
| Contractor License Performance & Payment (State) Bond | Commercial Contractor License Bond | Construction Contractors Board | Apply Now |
| Contractor License Performance & Payment (State) Bond | Farm Labor Contractor Bond | Bureau of Labor and Industries | Apply Now |
| Investment Advisor (Blue Sky) Bond | Investment Advisor Surety | Oregon Department of Consumer & Business Services | Apply Now |
| Collection Agency Bond | Collection Agency | Dept of Consumer & Buisness Services | Apply Now |
| Debt Consolidators Bond | Debt Management Service Provider | Oregon Department of Consumer and Business Sevices | Apply Now |
| Mortgage Broker (1st & 2nd Mortgages) Bond | Mortgage Lender Surety | Dept of Consumer & Buisness Services, Division of | Apply Now |
| Mortgage Lender/Banker (1st & 2nd Mort.) Bond | Mortgage Lender | Division of Finance and Corporate Securities | Apply Now |
| Auto & Mobile Home Dealers (New & Used) Bond | Motor Vehicle Dealer | Department of Transportation - Driver and Motor Ve | Apply Now |
| Auto & Mobile Home Dealers (New & Used) Bond | Manufactured Structures Dealer Bond | Department of Consumer & Business Services | Apply Now |
| Auto & Mobile Home Dealers (Used Only, No New) Bond | Dismantler or Rebuilder of Vehicles | Department of Transportation - Driver and Motor Ve | Apply Now |
| Auto & Mobile Home Dealers (Used Only, No New) Bond | Motorcycles, Mopeds, Snowmobiles, ATV | Dept of Transportation Driver and Motor Vehicle Se | Apply Now |
| Motor Vehicle (Non-Dealer, Not Listed) Bond | Disseminator Bond | State of Oregon, Dept of Transportation | Apply Now |
| Sport Permits Bond | Sport Promoter | Dept. of State Police, OR Athletic Commission | Apply Now |
| Detectives Bond | Private Investigator Bond | DPSST, Private Investigator Licensing Program | Apply Now |
| Employment Agencies Bond | Employment Agencies Bond | Oregon Employment Department | Apply Now |
| Professional Licenses (All Other) Bond | Department of Public Safety Standards and Training | Dept of Public Safety and Training | Apply Now |
| Professional Licenses (All Other) Bond | Appraisal Management Company | Dept of Consumer and Business Services | Apply Now |
| Professional Licenses (All Other) Bond | Pawnbroker | Oregon Dept. of Consumer & Business Services, Div. | Apply Now |
| Professional Licenses (All Other) Bond | Sewage Disposal Service | Department of Environmental Quality | Apply Now |
| Professional Licenses (All Other) Bond | Prescription Drug Wholesale Distributor | Board of Pharmacy | Apply Now |
| Professional Licenses (All Other) Bond | Waste Tire Carrier Bond | OR Department of Environmenal Quality | Apply Now |
| Schools (All) Bond | Continuing Education Provider Bond | Construction Contractors Board | Apply Now |
| Alcohol (Manufacturers, Warehouses, Wholesalers) Bond | Liquor Control Commission Licensee | Oregon Liquor Control Commission | Apply Now |
| Alcohol (Retailers) Bond | Liquor Control Commission Licensee's Bond | Oregon Liquor Control Commission | Apply Now |
| Fuel Tax (All Others, Sellers & Users) Bond | Motor Vehicle Fuel Dealer Bond | OR Dept of Transportation | Apply Now |
| Fuel Tax (All Others, Sellers & Users) Bond | Use Fuel Seller Bond | OR Dept of Transportation | Apply Now |
| Miscellaneous Taxes Bond | Miscellaneous Taxes Bond | Department of Transportation Division | Apply Now |
| Miscellaneous Taxes Bond | Highway Use Tax Bond | DOT Motors Carrier Transportation Division | Apply Now |
| Financial Guarantee (All Other) Bond | Franchise Bond (Pacific Pride Services, LLC) | Pacific Pride Services, LLC | Apply Now |
| Wages & Fringe Benefits Bond | Statutory Public Works | Construction Contractors Board | Apply Now |
| Lottery Bond | Lottery Commission Agent | Oregon State Lottery Commission | Apply Now |
| Money Transmitter Bond | Money Transmitter | Department of Consumer & Business Services | Apply Now |
| Appraisal Management | Appraisal Management Company Bond | Appraiser Certification and Licensure Board | Apply Now |
Questions about Surety Bonds in Oregon
What are the bonding costs?
How much you will have to pay to obtain your Oregon surety bond depends on the type of bond that you need, and on its amount.
Depending on the required amount, you will have to cover a fraction of it, which is called the bond premium. This percentage is based on your financial standing, including your personal credit score, which is the most important factor.
Applicants who have a good credit score will typically be offered a rate between 1%-4% of the total amount of their bond. By showcasing your business’s fixed and liquid assets, as well as good financial statements, you can further reduce your surety bond cost.
Is it possible to get a bond with problematic finances?
Applicants who have a low credit score, tax liens, or bankruptcies may have difficulties to get bonded because of the higher risk involved. That's why we have created our Bad Credit Surety Bonds program, which gives you a bonding option if your finances are not perfect.
Rates under this program are slightly higher, between 5%-15% of the total amount in order to accommodate the additional risk. Yet, applicants are guaranteed to receive the lowest possible rates due to our close partnerships with a number of A-rated and T-listed surety companies.
What is the bonding process like?
In case you have to obtain a license or contractor bond, you can apply online here. For those of you who need a court bond, you have to use the court bond application form.
When you submit your application online, we will provide you with a free bond quote. You can then decide whether you are happy with it, and whether you want to buy the bond straight away. You will receive from us a digital and a hard copy of it after purchase.
For further information on how bonding works, you can review the detailed How to Get Bonded page.
If you have any questions, or need advice on your application, you can call us at (877) 514-5146. Our bonding experts are here to help you.
Who Needs to Get an Oregon Surety Bond
There are three main types of Oregon surety bonds that you can obtain, which are explained below.
License bonds are a type of bond that businesses and individuals in Oregon often have to obtain before getting licensed. The professionals who need a license bond include auto dealers, mortgage and insurance brokers, contractors, and collection agencies among others.
Contract bonds are bonds that you may have to obtain in order to bid on construction projects, as well as to perform work on them. Most state and federal construction contracts have a strict requirement that contractors get bonded. Many private construction projects also require bonding. Contract bonds guarantee that contractors will perform in accordance with contractual agreement and make due payments to subcontractors and suppliers.
Court bonds may be required by Oregon courts before certain legal procedures take place. For instance, those who wish to appeal a court judgement may need to obtain an appeal or supersedeas bond first. If you get appointed as a fiduciary, you may have to get a fiduciary bond.
Most Popular Surety Bonds in Oregon
To become a licensed auto dealer in Oregon, you will need to get a $40,000 dealer bond.
If you want to work as a contractor in the state, you will have to obtain a surety bond between $15,000 and $75,000.
Transportation companies operating in Oregon have to provide a highway use tax bond before they can use public state highways.
To operate as a collection agency in the state, you will need to get a $10,000 or $15,000 bond.
Freight brokers operating in the U.S. have to obtain a $75,000 surety bond.
You will need to post a $25,000 bond to become a credit services organization in Oregon.
The bond amount you have to obtain is between $10,000 and $30,000 and depends on the number of employees you want to hire.
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