State of illinois vehicle bond application 2026

1. Click ‘Get Form’ to open the state of Illinois vehicle bond application in the editor.
2. Begin by entering the Dealer’s Name and Account Number in the designated fields. Ensure that this information matches your official records.
3. In the section labeled 'KNOW ALL MEN BY THESE PRESENTS', provide the name of the Principal and their location. This identifies who is responsible for the bond.
4. Next, fill in the Surety's details, including their corporate name and state of incorporation. This is crucial as it establishes who will back the bond.
5. Indicate the penal sum of Twenty Thousand Dollars ($20,000) clearly, as this is a legal requirement for vehicle dealers in Illinois.
6. Complete any additional sections regarding compliance with title and registration fees, ensuring all statements are accurate and truthful.
7. Finally, have all required parties sign and date the document at the bottom. Make sure to include witnesses where necessary.

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