Louisiana New Motor Vehicle Dealer Bond
At IBTX, we are happy to offer the fastest surety bond portal on the internet. While our agency is located in San Antonio, Texas, we service all of the United States for their surety and fidelity bond needs. Please contact us if you have any questions in regard to obtaining a surety bond. We offer license and permit bonds in the States of Georgia, Indiana, Louisiana, Ohio, Tennessee, Texas, and Virginia. If you can’t find your bond on our portal, please let us know!
The Louisiana New Motor Vehicle Dealer Bond is required by Louisiana Motor Vehicle Commission. It helps facilitate good practices between the business owner and the public. The price of the bond is typically $125 to $1,250 and can be purchased instantly.
Businesses are required to file a $20,000 bond with the Louisiana Motor Vehicle Commission to activate their license to conduct business. This bond is created to protect the public by shifting risk to a surety bond company the cost of ensuring the public is compensated for damages resulting from a licensed business breaking licensing law. If the business breaks these laws, the surety company is ordered to pay the obligee or municipality.
IBTX is a local agency in San Antonio, Texas and serving all of the Southwest, with capabilities to service the entire United States as well. We specialize in commercial surety and offer the easiest purchase process in the country. If you’d like to purchase this bond immediately, you can do so in less than 3 minutes by clicking the link below. Thanks!