Surety bonds in Oregon
Oregon’s construction, forestry, and outdoor-recreation economy leads many businesses to surety bond requirements. The bond protects the public and the obligee; the bonded Oregon business remains responsible for repaying any claim the surety pays.
Bonds commonly required in Oregon
Contractor License Bond
Contractors in Oregon are commonly required to file a license bond as part of registration, generally intended to protect consumers.
Motor Vehicle Dealer Bond
Dealers typically must post a bond meant to protect buyers and the state.
Notary Public Bond
Where required, a notary bond helps protect the public from notarial errors or misconduct.
Mortgage / Lending Bond
Mortgage and lending licensees may be required to maintain a surety bond.
Right-of-Way Permit Bond
Work in public rights-of-way may require a permit bond before the issuing agency approves it.
Verify the exact bond and amount with the obligee or your Oregon licensing board, then request a quote.
A surety bond protects the party requiring it (the obligee) and the public — it is not insurance for your business. If a claim is paid, the principal generally repays the surety. Bond requirements and amounts are set by the obligee and vary by license type and jurisdiction. Verify the exact requirement before you buy.
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