Any person engaging in the business of selling, offering to sell, soliciting or advertising the sale of motor vehicles or recreational vehicles in the state of Tennessee is required to be licensed by the Tennessee Motor Vehicle Commission as a dealer, defined in Tenn. Code Ann 55-17-102(17). A $50,000 surety bond is part of the Vehicle Commissions licensing requirement. Bonds must run for two years, starting on the first day of the month and expire on the same date as the principal’s business license.
The bond ensures the dealer will follow the rules and regulations outlined in Tennessee Code Annotated 55-17-111.
Pacific Surety offers industry low rates and can obtain approvals for almost all credit situations. Once our simple application has been completed, we can have pricing to you within hours. If you have any specific questions, please contact our knowledgeable underwriting staff.
Surety Bond Name
Motor Vehicle Dealer Surety Bonds – Tennessee
$50,000Request a Free Quote