What are the requirements regarding bonds and cash deposits?
Oregon law requires that carriers file a bond with the Oregon DOT as a guarantee of payment of taxes and fees. The Motor Carrier Transportation Division sends notification of the bond requirement and instructions how to post the bond. Bonds may be filed in the form of: • Money (cash deposit) • Savings Assignment • Surety Bond Surety bonds, the most common security filed, can be obtained from most insurance companies. If a carrier chooses to deposit cash, it will accrue interest. A new carrier can have the bond or cash deposit requirement waived if they have a Dun & Bradstreet rating of 3A2 or higher. An established carrier can have the requirement waived if the scheduled annual review by the Motor Carrier Division finds that in the previous 12 months the motor carrier meets the following criteria: • No Suspensions with the Department. • No revocation of International Fuel Tax Agreement (IFTA) tax license. • No more than one weight-mile tax report filed late. • Fees timely paid. • No mo
