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Utah HB 305 raises used motor vehicle dealer surety bond requirement to $200,000

Original title: Motor Vehicle Dealer Amendments

Last action · March 6, 2026: House/ filedSponsor: Tiara Auxier

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

Utah HB 305 raises the required surety bond amount for a used motor vehicle dealer's license from $75,000 to $200,000, effective May 6, 2026. The bill also updates procedural rules for filing and paying claims against dealer bonds.

Why it matters

Used car dealerships operating in Utah must secure a higher financial guarantee to maintain their licenses, which alters financial compliance costs for business owners and changes the pool of available funds for consumer claims.

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

used motor vehicle dealers

Must secure a $200,000 corporate surety bond to obtain or maintain a license and face automatic suspension if the bond is lost.

Directly affected

motor vehicle bond claimants

Have access to a larger total bond amount for valid claims arising from dealer fraud or title and lien violations.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the new bond amount for used motor vehicle dealers?
The new bond amount required for a used motor vehicle dealer's license is $200,000.
What happens if a dealer loses possession of their required bond?
The dealer's license is automatically suspended, and all licenses, pocket cards, temporary permits, and special plates must be immediately returned to the administrator.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

This bill did not become law - Died at adjournment · introduced in the House.

Procedural history

11 actions
  1. Mar 6, 2026House
    House/ filed
  2. Mar 6, 2026House
    House/ strike enacting clause
  3. Jan 28, 2026House
    House/ received fiscal note from Fiscal Analyst
  4. Jan 27, 2026Released
    LFA/ fiscal note publicly available for HB0305
  5. Jan 22, 2026Version Sponsor
    LFA/ fiscal note sent to sponsor for HB0305
  6. Jan 22, 2026HouseIntroduced
    House/ 1st reading (Introduced)
Show 5 earlier actions
  1. Jan 22, 2026House
    House/ received bill from Legislative Research
  2. Jan 21, 2026Legislative Fiscal Agency
    LFA/ bill sent to agencies for fiscal input for HB0305
  3. Jan 21, 2026Legislative Fiscal Analyst
    LFA/ bill assigned to staff for fiscal analysis for HB0305
  4. Jan 21, 2026Legislative Research and General Counsel
    Numbered Bill Publicly Distributed
  5. Jan 21, 2026Legislative Research and General Counsel
    Bill Numbered but not Distributed

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Connected Entities

A.M. Best Company, Division of Motor Vehicles
OrganizationA.M. Best Company“Rating agency for corporate surety providers”Map →
OrganizationDivision of Motor Vehicles“Administrative division that issues licenses and receives dealer bonds”Map →

Sources

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 55)
  • Controversy15
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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