MS Designated Agent Motor Vehicle Dealer Bond
MS Designated Agent Motor Vehicle Dealer Bond
Our price is $150 for 1 year, INSTANT ISSUE - NO UNDERWRITING!
Term Options
Renew less often, save time and money by choosing a longer bond term!
General Information
Mississippi Designated Agent Motor Vehicle Dealer Bonds
Mississippi Designated Agent Motor Vehicle Dealer Bonds are mandated by the Mississippi Department of Revenue to ensure compliance with state laws and regulations for motor vehicle dealers. Bondability provides this bond in the required amount of $15,000 for just $150 per year, with INSTANT ISSUE—NO UNDERWRITING!
Why a Mississippi Designated Agent Bond is Required
This bond guarantees that designated agents (motor vehicle dealers) in Mississippi will comply with state laws, protecting the public and the state from financial losses due to non-compliance. The Mississippi Department of Revenue requires this bond to be executed by an insurance company qualified to operate in Mississippi, with the bond sealed and a valid Power of Attorney attached.
Bond Details and Requirements
To meet the Mississippi Department of Revenue’s requirements, please ensure the following information is provided based on your business structure:
- Sole Proprietorship: Include both the owner's name and business name as the principal on line 1 of the bond form.
- Partnership: List all partners' names along with the business name on line 1.
- Corporation: The legally registered corporate name with the Secretary of State should be listed on line 1. If operating under a trade name (dba), both names must appear (e.g., ABC Corp dba ABC Used Cars).
- Location Requirement: The city where the business operates must be indicated on the second line of the bond form.
Additionally, dealers must meet other state requirements, such as completing an eight-hour educational seminar by the Mississippi Independent Auto Dealers Association (MIADA), maintaining motor vehicle liability insurance, and holding a valid sales tax number.
Why Choose Bondability?
- No Underwriting or Credit Check: Secure your bond instantly without needing a credit check.
- Fast & Easy Process: Complete the form below, pay securely by credit card, and receive your bond within minutes.
- Competitive Pricing: Secure your $15,000 bond for just $150 per year, with multi-year terms available to help you save both time and money—all through our simple online process.
Ready to Get Your Bond?
Our streamlined online application ensures a quick and easy experience. Simply complete the information below, and your bond will be issued in minutes.
Order Your Mississippi Designated Agent Bond Now
Additional information about this corporate surety bond requirement is as follows:
Obligee - Mississippi Department of Revenue
Bond Amount - $15,000
Bond Premium - $150 for 1 year
Renewal Document - None