Louisiana new motor vehicle used motor vehicle facilities are regulated by Title 32, RS 32-1254 of the state’s legal statutes..
Such facilities are required to obtain a $10,000 surety bond for each location. This bond is available in the amount required by our agency. If applicable, each location will have its own $10,000 surety bond; they are not combined into one surety bond for all locations for the same business.
Applicants for the Louisiana used motor vehicle facility bond will complete a standard surety bond application. Our agency can take part of the application directly from you over the phone to pre-fill in much of it; the final application you will need to review and sign.
There is also a standard credit check for this surety bond. We utilize soft inquiries which will not adversely affect your underlying credit score.
Applicants who qualify under standard credit terms will pay about $200 for a two year term for this bond. The bond can also be issued for one year, at $100.
Once issued, a copy of the bond can be emailed to you. The original surety bond, which you will need to sign as Principal, before filing with the Department of Public Safety and Corrections.
The new motor vehicle dealer used motor vehicle facility bond is a financial guarantee is that you will comply with all contractual obligations regarding:
according to Title 32 of the Louisiana statutes.
AmeriPro Surety Bonds is a surety bonds only agency. Our agency provides license and permit surety bonds throughout Louisiana and nationwide.
Please contact our agency today at:
Or, you may fill out the form below and an agent will contact you...