Oregon Automotive Repair Certificate of Possessory Lien Bond

Oregon Automotive Repair Certificate of Possessory Lien Bond

A mechanic or repair shop that exercises possessory liens needs to file a $20,000 Automotive Repair Certificate of Possessory Lien Bond with the Oregon Department of Transportation. The bond allows for those injured by the auto repair shop’s illegal creation of a possessory lien to seek compensation for damages.

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This bond would typically be held by a mechanic or auto repair shop who obtains a Certificate of Possessory Lien Foreclosure (you may also know this as a mechanic’s lien). 

Those who perform repair work on a vehicle and meet one of the following criteria do not need to hold the Possessory Lien Bond:

Additionally, a mechanic who is not issuing possessory liens does not need to hold the Auto Repair Possessory Lien Bond.

What Is the Cost of an Automotive Repair Certificate of Possessory Lien Bond?

With Jet, your Automotive Repair Certificate of Possessory Lien Bond can cost as little as $13 a month or $125 a year. Jet offers different payment options to fit your needs, whether that’s paying on a month-to-month basis or multiple years at a time.

Bond Term*Cost
Monthly$13
1 Year$125
2 Years$350
3 Years$500
OR Mechanic’s Lien Bond Rates

*Rates are subject to a credit check.

How to Apply for the Automotive Repair Certificate of Possessory Lien Bond With Jet

It only takes a few minutes to apply and purchase your Automotive Repair Certificate of Possessory Lien Bond! Just click the “View Your Bond Price” button at the top of the page to get started. All you need to do is fill out the required information in the guided application, adding in general business information and a social security number. The social security number is needed for the soft credit check (don’t worry, this doesn’t affect your credit score).

Once you’ve completed the application, you’ll find your approved quote; just select your payment option and submit payment information. Jet will email a digital copy of your bond and a receipt of your purchase.

How Does the Automotive Repair Certificate of Possessory Lien Bond Get Filed?

After your purchase, Jet will prepare your Automotive Repair Certificate of Possessory Lien Bond form and mail it to you. Your responsibility is to sign the bond and mail it to the Department of Transportation at the address below:

DMV Business Licensing
1905 Lana Ave NE
Salem, OR 97314

Can I Cancel My Automotive Repair Certificate of Possessory Lien Bond and Get a Refund?

Yes! Just email us at [email protected] to begin the cancellation process. Our team will send a written notice to the DMV, which must release your liability and Jet’s from the Automotive Repair Certificate of Possessory Lien Bond before cancellation is complete. 

Any remaining time on the bond can be calculated into a prorated refund. If you are paying monthly, payments will stop when the bond is officially cancelled.

How to Renew the Auto Repair Certificate of Possessory Lien Bond

This bond must be maintained for the duration of attaching, asserting, or otherwise creating a possessory lien after storing, making repairs, or alterations to a motor vehicle. When it is time to renew your Automotive Repair Certificate of Possessory Lien Bond, Jet will send you a notice via mail and email. Whichever method you choose, it’s easy to get your renewal. Via mail, just fill out the renewal notice and mail it back in the prepaid envelope. Via email, just click the link to complete your purchase.

Jet will provide a renewal confirmation and send it over to you. You are responsible for submitting a written notice to the DMV that your surety bond is still in effect.

Why Is the Automotive Repair Certificate of Possessory Lien Bond Required?

The Automotive Repair Certificate of Possessory Lien Bond is used to provide a way for compensation if the responsible party or vehicle repair shop that is listed on the Certificate of Possessory Lien Foreclosure breaks Oregon Statutes as it applies to their duties.

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How Can a Mechanic Avoid Auto Repair Certificate of Possessory Lien Bond Claims?

To prevent bond claims, a vehicle repair shop or mechanic who foreclosed the possessory lien will need to make sure they are operating in compliance with Section 87.152,  Section 822.093, and Section 646A.495 of the Oregon Statutes. Any fraud, misrepresentation, or violations of the specified code that causes damage to a person can lead to a claim on the bond. 

If you do receive a claim against your Automotive Repair Certificate of Possessory Lien Bond, get in touch with Jet right away. Our team will defend you against false claims by verifying the evidence from the claim filing. If the claim is legitimate, Jet is obligated to compensate on your behalf via the surety bond; but you will be required to pay Jet back.

Oregon Automotive Repair Certificate of Possessory Lien Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: