Lance Surety is able to write all types of motor vehicle dealer bonds in all 50 states, to include the Lone Star State, Texas. We represent a variety of surety bond companies that offer very aggressive bond prices for Texas dealers. Additionally, we issue all bonds directly out of our office which guarantees the fastest possible turnaround time.
$25,000 - Motor Vehicle Dealers Surety Bond
*Must be for 2-year term
A motor vehicle dealer, wholesale motor vehicle dealer, wholesale motor vehicle auction, mobility vehicle dealer or motorcycle dealer who is not licensed as a franchised dealer by MVD must submit an original $25,000 bond. The bond should be valid for two years and must be on forms exactly matching the approved samples in this package. The term of your bond must begin on the first day and end on the LAST day of the month. A bond must be signed by the dealer or the dealer’s authorized representative. It must also be signed by the bonding company or the bonding agent. Make sure all required signatures are on the bond. This is the most common deficiency on new applications.
Texas Department of Transportation
Motor Vehicle Division
PO Box 13044
Austin, TX 78711-3044
NOTE: The above information was obtained from the Texas Department of Transportation in Nov 2010. Dealers should check with the State for any updated information/requirements prior to applying for a license or bond. It is the applicants’ responsibility to ensure compliance with state requirements.