Posted by All State Bonds on
In Texas, the surety bond requirement for a used auto dealer deputy is generally between $100,000 and $500,000, as determined by the county tax assessor-collector. This requirement applies to those acting as a dealer deputy, who can perform certain duties, like allocating license plates and registration stickers to the deputized dealer, as outlined in the Texas Administrative Code.
Important Notes:
- This is distinct from the standard $50,000 Texas Motor Vehicle Dealer Bond that is required for most used auto dealers to obtain their General Distinguishing Number (GDN) license.
- The $100,000 bond is specifically for dealer deputies in certain counties who store and handle license plates and registration stickers on their premises, protecting the county against misuse or failure to pay taxes and fees.
- The exact cost of the $100,000 bond will depend on factors like your credit score, with rates starting as low as $750 per year.
In summary, if you are a used auto dealer in Texas acting as a dealer deputy and need to handle license plates and registration stickers on your premises, you may need a $100,000 (or higher) surety bond. To confirm if this bond is required in your specific county, you should contact your county tax assessor’s office.
To apply for this type on bond, click here to Apply Online For Faster Approval or call our agents at 800-374-9227 for any questions.
Filed Under: Auto Dealer Deputy Bond | Tagged With: auto dealer deputy bond, auto dealer deputy inventory bond, Auto dealer inventory bond, How much does a deputy surety bond cost, Texas auto dealer deputy surety bond, what are the requirents for deputy surety bond, what is the deputy surety bond