Bill > HB0305

This bill amends existing Utah law to increase the bond amount required for certain motor vehicle dealer licenses, specifically raising the bond for a used motor vehicle dealer to $200,000, while also clarifying requirements for corporate surety bonds and the process for handling claims against these bonds. The legislation also specifies that a dealer, body shop, or crusher whose bond is lost or depleted must immediately return all issued licenses and plates and cannot resume operations until a new bond is filed and their license is reinstated, with the bill set to take effect on May 6, 2026.

https://le.utah.gov/~2026/bills/static/HB0305.html