Surety Bond Blog

Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

Texas Auto Dealer Bond

Texas Motor Vehicle Dealer Bond Information The Texas Department of Motor Vehicles requires that all Texas auto dealers secure a surety bond in the amount of $25,000 for a 2 year period. This is a licensing requirement in order to engage in vehicle sales in the state of Texas. A surety bond is required for all GDN categories of a motor vehicle, motorcycle, wholesale only,...

How to Apply for Escrow Agent License or Bond?

Escrow Agent Surety Bond is required for individuals and businesses that provide escrow services. This entails a third party that receives, maintains and then disburses various types of documents, such as a deed or bond, valued assets or funds on behalf of the primary transacting parties. These license and permit surety bond ensure that the agent delivers the escrow in the agreed-upon timeframe, and operates...

Vendor Bond - Vendor Permit Guide

Any vendor engaged in temporary or transient business of selling, offering for sale, exhibiting merchandise for sale, or taking orders for merchandise or goods from a vehicle on the streets or who occupy a space in a building or on a vacant lot must be permitted by the City of Houston. Requirements: Houston Texas Vendor Applicants must: Submit Street Vendor Application Pay appropriate fees (see schedule). Obtain...

How to obtain a Texas Auto Dealer License?

Texas Auto Dealer License Requirements? To regulate the Auto Dealer trade, the state subjects Texas Automobile Dealer to many legal restrictions and requirements. For a new Dealer license in Texas, the first step is to obtain a General Distinguishing Number (GDN). This requires, among other things, a permanent place of business, a business Signage, enough space to display five vehicles the dealer intent to sell. You'll need a GDN whether you...

Louisiana Auto Dealer Bond and license Rates - Requirements

The auto dealer license in Louisiana is granted by the Louisiana Motor Vehicle Commission. For information on a new or franchise car dealer license, contact them directly at (504) 838-5207. Used car dealer licenses are handled through the Louisiana Used Motor Vehicle Commission. Find Out Which Type of License You Need: Your application license will differ if you’re applying for a new or used vehicle license....