{"id":1147,"date":"2013-05-21T02:48:24","date_gmt":"2013-05-21T02:48:24","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1147"},"modified":"2017-01-03T16:20:34","modified_gmt":"2017-01-03T16:20:34","slug":"tennessee-motor-vehicle-dealer-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/","title":{"rendered":"Tennessee Motor Vehicle Dealer Bond"},"content":{"rendered":"

Posting of a Tennessee motor vehicle dealer bond<\/a><\/strong> is one of fifteen legal requirements for obtaining a license to operate a “dealership” in the state. Pursuant to law, a “motor vehicle dealer” means any person engaged in the business of selling, offering to sell, soliciting or advertising the sale of motor vehicles or recreational vehicles, or possessing motor vehicles or recreational vehicles for the purpose of resale, either on that person’s own account or on behalf of another, either as that person’s primary business or incidental to that person’s business (55-17-102 (16)<\/a>). The Tennessee motor vehicle dealer bond<\/strong> is required of\u00a0each application for a license or renewal and must be written in the amount of at least fifty thousand dollars ($50,000). Where it is permitted in some states, in Tennessee a letter of credit is not allowed in lieu of a surety bond. \u00a0The surety bond must be written is for the benefit of any person who suffers loss because of either nonpayment by the dealer of a retail customer’s prepaid title, registration or other related fees or taxes, or the dealer’s failure to deliver a valid vehicle certificate of title clear of any prior owner’s interests and all liens except perhaps a lien created by or expressly assumed in writing by the buyer of the vehicle. \u00a0The Tennessee motor vehicle dealer bond<\/a><\/strong>\u00a0aslo serves as a compliance obligation, guaranteeing that the dealer will not violate the provisions of Chapter 321 Public Acts of 1993. \u00a0The surety bond is\u00a0not cumulative, being limited only to the penal sum of the bond and may be canceled by surety by certified mail notice to both the Obligee and the principal.\u00a0Tennessee surety leader<\/strong>,\u00a0Surety One, Inc.<\/a>\u00a0offers\u00a0motor vehicle dealer bonds<\/a><\/strong>\u00a0in all states where they are required by law. \u00a0Our special programs allow us to offer you surety support regardless of your credit and financial condition. Visit us at\u00a0SuretyOne.com<\/a>, call\u00a0(787) 333-0222<\/span>\u00a0or\u00a0(800) 373-2804<\/span>, or email us at\u00a0Underwriting@SuretyOne.com<\/span>\u00a0for a\u00a0Tennessee motor vehicle dealer bond<\/strong>\u00a0application or for information on any surety bond need.<\/p>\n","protected":false},"excerpt":{"rendered":"

Posting of a Tennessee motor vehicle dealer bond is one of fifteen legal requirements for obtaining a license to operate a “dealership” in the state. Pursuant to law, a “motor vehicle dealer” means any person engaged in the business of… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[159],"tags":[1421,1418,1420,1419],"yoast_head":"\nTennessee Motor Vehicle Dealer Bond • Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tennessee Motor Vehicle Dealer Bond • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Posting of a Tennessee motor vehicle dealer bond is one of fifteen legal requirements for obtaining a license to operate a “dealership” in the state. Pursuant to law, a “motor vehicle dealer” means any person engaged in the business of... Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2013-05-21T02:48:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-03T16:20:34+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. Poindexter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/suretyone.com\/blog\/#website\",\"url\":\"https:\/\/suretyone.com\/blog\/\",\"name\":\"Surety One, Inc.\",\"description\":\"Our Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/suretyone.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/#webpage\",\"url\":\"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/\",\"name\":\"Tennessee Motor Vehicle Dealer Bond • Surety One, Inc.\",\"isPartOf\":{\"@id\":\"https:\/\/suretyone.com\/blog\/#website\"},\"datePublished\":\"2013-05-21T02:48:24+00:00\",\"dateModified\":\"2017-01-03T16:20:34+00:00\",\"author\":{\"@id\":\"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605\"},\"breadcrumb\":{\"@id\":\"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/suretyone.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tennessee Motor Vehicle Dealer Bond\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605\",\"name\":\"C. Poindexter\",\"sameAs\":[\"https:\/\/www.SuretyOne.com\",\"https:\/\/www.facebook.com\/Surety1\",\"https:\/\/twitter.com\/SuretyOne\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tennessee Motor Vehicle Dealer Bond • Surety One, Inc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/","og_locale":"en_US","og_type":"article","og_title":"Tennessee Motor Vehicle Dealer Bond • Surety One, Inc.","og_description":"Posting of a Tennessee motor vehicle dealer bond is one of fifteen legal requirements for obtaining a license to operate a “dealership” in the state. Pursuant to law, a “motor vehicle dealer” means any person engaged in the business of... Continue Reading →","og_url":"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/","og_site_name":"Surety One, Inc.","article_publisher":"https:\/\/www.facebook.com\/Surety1\/","article_author":"https:\/\/www.facebook.com\/Surety1","article_published_time":"2013-05-21T02:48:24+00:00","article_modified_time":"2017-01-03T16:20:34+00:00","twitter_card":"summary","twitter_creator":"@SuretyOne","twitter_site":"@SuretyOne","twitter_misc":{"Written by":"C. Poindexter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/suretyone.com\/blog\/#website","url":"https:\/\/suretyone.com\/blog\/","name":"Surety One, Inc.","description":"Our Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/suretyone.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/#webpage","url":"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/","name":"Tennessee Motor Vehicle Dealer Bond • Surety One, Inc.","isPartOf":{"@id":"https:\/\/suretyone.com\/blog\/#website"},"datePublished":"2013-05-21T02:48:24+00:00","dateModified":"2017-01-03T16:20:34+00:00","author":{"@id":"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605"},"breadcrumb":{"@id":"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/suretyone.com\/blog\/tennessee-motor-vehicle-dealer-bond\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/suretyone.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Tennessee Motor Vehicle Dealer Bond"}]},{"@type":"Person","@id":"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605","name":"C. Poindexter","sameAs":["https:\/\/www.SuretyOne.com","https:\/\/www.facebook.com\/Surety1","https:\/\/twitter.com\/SuretyOne"]}]}},"_links":{"self":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts\/1147"}],"collection":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/comments?post=1147"}],"version-history":[{"count":1,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts\/1147\/revisions"}],"predecessor-version":[{"id":1922,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts\/1147\/revisions\/1922"}],"wp:attachment":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/media?parent=1147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/categories?post=1147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/tags?post=1147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}