Surety Bond Details
Cost: $1,200
Motor Vehicle Dealer Bond | ||
---|---|---|
Category: | Auto Dealer Bonds | |
Obligee: | Director of Tennessee Motor Vehicles Commission | |
Amount: | $50,000 | |
Duration: | Stated on Bond | |
Expiration: | Last Day of Month |
Tennessee Motor Vehicle Dealer Bond ($50,000) The Tennessee Motor Vehicle Commission requires motor vehicle dealers obtain this $50,000 Surety Bond for the license period for protection of any person who suffers loss because of either: A) Nonpayment by the dealer of a retail customer's prepaid title, registration other related fees or taxes. B) The dealer's failure to deliver in conjunction with the sale of a vehicle a valid vehicle title certificate free and clear of any prior owner's interests and all liens except a lien created by or expressly assumed in writing by the buyer of the vehicle.
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75 Port City Landing
Ste 103
Mt. Pleasant SC 29464
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