Louisiana Motor Vehicle Dealer Surety Bonds are required by the Louisiana Motor Vehicle Commission.
The issued amount of these surety bonds is dependent on the specific type of vehicles being sold.
| LA Motor Vehicle Dealer Surety Bond Type | Bond Amount |
|---|---|
| New Motor Vehicle Dealers | $20,000 |
| Specialty Motor Vehicle Dealers | $20,000 |
| Used Motor Vehicle Dealers | $50,000 |
| New or Used Motor Vehicle Facility | $10,000 |
Surety bonds issued for Specialty Motor Vehicle Dealers and New or Used Motor Vehicle Facilities ensure the principal’s adherence to Chapter 6, Title 32 of the Louisiana Revised Statutes of 1950.
Surety bonds issued for New and Used Motor Vehicle Dealers ensure the principal’s adherence to Chapter 4, Title 32 of the Louisiana Revised Statutes of 1950. For Louisiana districts 1, 2 and 3, these bonds expire on December 31st of even-number years. Bonds for districts 4 and 5 expire on December 31st of odd-number years.
Please feel free to visit the Louisiana Motor Vehicle Commission’s web page for more details regarding Motor Vehicle Dealer Surety Bonds.