Tennessee Motor Vehicle Dealer Bond
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.
