> Salesperson & Dealership Bonds

Colorado licensing includes a requirement for licensees to post funds to provide some recovery in the event that misconduct results in harm to others. Motor vehicle dealers must post $50,000 and salespersons are required to post $15,000. CADA provides these bonds underwritten by Pioneer General to both dealers and their salespersons.

See Colorado Revised Statutes (C.R.S.) 12-6-111 and 12-6-112.

The benefits of CADA-provided bonds include the following:

• Typically same-day turnaround with a designated representative at CADA offices
• Dealership invoicing of bonds and renewals; salespersons can be separately as well
• Salesperson bonds can be obtained after passing the state licensing exam, which can also be administered by CADA at our office

CLICK HERE for a salesperson bond order form.

CLICK HERE for a dealership bond order form.

Please contact Linda Toteve with any questions.

Linda Toteve
303.457.5122
linda.toteve@coloradodealers.org