North Carolina CDL Training School Bond Guide
A $20,000 bond is required for all commercial driver training schools in North Carolina. Use this guide to learn more about the bonding process.
Bond Overview
- Purpose: To protect students and the public from unethical schools and institutions
- Who Needs It: All commercial driving school owners in North Carolina
- Regulating Body: The North Carolina Division of Motor Vehicles
- Required Amount: $20,000
- Premium Rates: Typically 2% of the total bond amount, credit-based
What Is a North Carolina Commercial Driver Training School Bond?
A commercial driver training school bond:
- Ensures schools follow state requirements for training materials and facilities
- Protects prepaid tuition funds if a school closes
- Enforces quality CDL driver training for public safety
Anyone who wants to get their commercial driver’s license (CDL) in North Carolina must attend a training school.
How Much Do Commercial Driver Training School Bonds Cost?
All commercial driver training schools in North Carolina need a $20,000 bond.
Premium rates start as low as 1% of the total bond, so you could pay only $200 with excellent personal credit. Get a free quote now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Commercial Driver Training School Bond?
A commercial driver training bond is required for all schools or institutions offering courses and materials on commercial driving for a fee in North Carolina.
While all instructors need to get licensed, they do not need to get a bond — it is only required for the institution.
Employers providing free driving education to employees or classes given by high schools do not need a bond.
How Does a North Carolina Commercial Driver Training School Bond Work?
A North Carolina commercial driver training school bond binds the following three parties in a financial agreement:
- Principal: You, the commercial driver school
- Obligee: The North Carolina Division of Motor Vehicles (DMV)
- Surety: Us, the surety provider
If you violate the bond terms, the surety will pay out valid claims up to the bond amount. Ultimately, it will be on you to reimburse the surety.
How Do I Get a Commercial Driver Training School Bond in North Carolina?
SuretyBonds.com provides the fastest and easiest way to get a commercial driver training school bond. Just follow these simple steps:
- Apply: Submit an online quote request
- Sign: Once approved, DocuSign your indemnity agreement
- Purchase: Checkout online or over the phone
Choose your preferred shipping method to receive your official bond form. Sign the bond and include it with your business license application packet.
Can I Get Bonded With Bad Credit?
Yes, you can typically get this bond even with bad credit. Bad credit is also unlikely to impact your premium rate.
How Do I Renew My Commercial Driver Training School Bond?
North Carolina commercial driver training school bonds last for one year.
We’ll start reaching out 90 days before your bond expires with a renewal quote. Typically, all you need to do is pay the invoice to maintain coverage for another year.
The surety provider can cancel the bond at any time but must give at least 30-days notice.
How to Open a Commercial Driver Training School in North Carolina
All commercial driver training schools must be licensed with the DMV to legally operate in North Carolina.
To be eligible for a license, you must be at least 18 years old and have:
- At least one approved motor vehicle registered in the school’s name
- One or more licensed commercial driver training instructors
- No misdemeanor or felony convictions in the past 5 years
- No license suspensions or revocation in the past 2 years
If you’re eligible, collect the following materials for your application packet:
- Completed application questionnaire
- Personal history statement
- Proposed operation plan
- $20,000 surety bond
- Contract sample copies
- $80 application fee
- Proof of liability insurance
All applications need to be duplicated:
- Submit the first copy to the Enforcement Section of the Division of Motor Vehicles at 1100 New Bern Avenue, Raleigh, North Carolina 27697‑0001.
- File the other copy at your place of business.
How Do I Renew My Commercial Driver Training School License?
All commercial driver school licenses last for two years. It’s best to start the renewal process 60 days before the expiration date.
Renewals submitted 30+ days after the expiration date will be considered void and you will have to apply for a brand new license.
