{"id":554,"date":"2013-03-15T03:20:00","date_gmt":"2013-03-15T03:20:00","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=554"},"modified":"2017-01-03T16:20:41","modified_gmt":"2017-01-03T16:20:41","slug":"louisiana-motor-vehicle-dealer-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/louisiana-motor-vehicle-dealer-bond\/","title":{"rendered":"Louisiana Motor Vehicle Dealer Bond"},"content":{"rendered":"<p>To sell motor vehicles in the State of Louisiana you must be licensed and provide a\u00a0<strong><a title=\"Surety One commercial surety page\" href=\"https:\/\/suretyone.com\/commercial-surety-bonds\" target=\"_blank\">Louisiana motor vehicle dealer bond<\/a><\/strong>. \u00a0There are various classes of dealer licenses issued by the <a title=\"LA DMV\" href=\"http:\/\/www.lmvc.la.gov\/\" target=\"_blank\">Louisiana Motor Vehicle Commission<\/a>.\u00a0 Louisiana law requires that an applicant comply with specific licensing requirements and\u00a0post a <em>surety bond<\/em> in one of two amounts. \u00a0A new auto dealer must post a $20,000 <strong>Louisiana bond for new motor vehicle dealer<\/strong>. \u00a0A used auto dealer must post a $20,000 if the dealer sells 119 \u00a0or less units within the year, and $35,000 if 120 or more. \u00a0Louisiana Title 46, Part V (1) and <a title=\"LA M\/V dealer law\" href=\"http:\/\/www.lmvc.la.gov\/rules\/2012%20LMVC%20Laws.pdf\" target=\"_blank\">Title 32<\/a>\u00a0are the statutes which regulate dealers and define the <em>surety bond<\/em> requirement, that the dealer will comply with the conditions of any written contract made by the dealer and shall not violate any of the provisions of the law of Louisiana in the conduct of the business for which he or she is licensed. The <strong>Louisiana dealer bond<\/strong> must be made payable to the secretary of the Department of Public Safety and Corrections for the use, benefit, and indemnity of any persons who shall suffer any loss as a result of any violation. \u00a0The nation&#8217;s surety leader,\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">Surety One, Inc.<\/a>\u00a0offers\u00a0<strong><a title=\"Dealer bond requirements\" href=\"https:\/\/suretyone.com\/pdf\/commercial\/license-bonds\/mv-dealer-bond-requirements.pdf\" target=\"_blank\">motor vehicle dealer bonds<\/a><\/strong>\u00a0in all states where they are required by law. \u00a0Our special program affords access to these bonds regardless of credit and financial condition for all dealer applicants. For more information visit us at\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(787) 333-0222<\/span>\u00a0or\u00a0(800) 373-2804, or email us at\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>\u00a0for a\u00a0<strong>Louisiana motor vehicle dealer bond<\/strong>\u00a0application or for information on any surety bond need throughout the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To sell motor vehicles in the State of Louisiana you must be licensed and provide a\u00a0Louisiana motor vehicle dealer bond. \u00a0There are various classes of dealer licenses issued by the Louisiana Motor Vehicle Commission.\u00a0 Louisiana law requires that an applicant&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/louisiana-motor-vehicle-dealer-bond\/\">Continue Reading &rarr;<\/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":[679,681,680,682],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Louisiana Motor Vehicle Dealer Bond &bull; 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\/louisiana-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=\"Louisiana Motor Vehicle Dealer Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"To sell motor vehicles in the State of Louisiana you must be licensed and provide a\u00a0Louisiana motor vehicle dealer bond. \u00a0There are various classes of dealer licenses issued by the Louisiana Motor Vehicle Commission.\u00a0 Louisiana law requires that an applicant... 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Continue Reading &rarr;","og_url":"https:\/\/suretyone.com\/blog\/louisiana-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":"2013-03-15T03:20:00+00:00","article_modified_time":"2017-01-03T16:20:41+00:00","twitter_card":"summary","twitter_creator":"@SuretyOne","twitter_site":"@SuretyOne","twitter_misc":{"Written by":"C. 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