This surety bond is required by the Texas Department of Transportation under the provisions of the Texas Transportation Code section 503.033. The bond states that the bondholder shall pay all valid bank drafts, including checks, drawn by the Principal for the purchase of motor vehicles and transfer good title to each motor vehicle that the Principal purports to sell. The required bond amount is $25,000 and expires every April 30th. Generally, the premium on this bond is as little as $225.
To Get a Texas Motor Vehicle Dealer’s 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.