To engage in the “business” of selling any type of vehicle in the State of Mississippi you must apply for the appropriate class of dealer license and provide a Mississippi motor vehicle dealer bond. According to the Mississippi Motor Vehicle Commission a surety bond and license is required in order to engage in the dealing of cars, trucks, motorcycles, scooters, ATVs, RVs, specialty vehicles and buses. The motor vehicle dealer bond must be in the amount of$25,000 and guarantees that the dealer will comply with the conditions of any written contract made by such dealer in connection with the sale or exchange of any motor vehicle and shall not violate any of the provisions of Sections 63-17-51, et seq. of the Mississippi Code of 1972. The nation’s surety leader, Surety One, Inc., offers motor vehicle dealer bonds in all states where they are required by law. Our special programs afford access to these bonds to all dealers regardless of credit condition. For more information visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email us at Underwriting@SuretyOne.com for a Mississippi motor vehicle dealer bond application or for information on any surety bond need.
