The Louisiana Motor Vehicle Commission requires this surety bond in the amount of $20,000 under LA R.S. 32:1254. The bond requires the bond holder to comply with the conditions of any written contract made in connection with the sale, repair or exchange of any motor vehicle, and to comply with all provisions of Chapter 6 of Title 32 of the Louisiana Revised Statutes of 1950 or any other law of Louisiana in the conduct of business. In most cases, the premium on this bond is as little as $200.
To Attain a Louisiana New Motor Vehicle Dealer Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.