Mississippi Designated Agent Bond - Fast Approval and Affordable Rates

Mississippi Designated Agent Bond

Mississippi designated agent bonds assure that motor vehicle dealers will operate as a per licensing statutes and laws within the state.

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What is a Mississippi Designated Agent Bond?

A Mississippi designated agent bond holds the vehicle dealer responsible for adhering to state licensing laws and statutes (found in the Mississippi Motor Vehicle Title Act). If a dealer harms the state, public or others by violating licensing laws and statues, a claim can be made on the bond up to the full bond amount.  The Mississippi Motor Vehicle Licensing department requires designated agents to post a $15,000 surety bond.

Get started by reaching out to one of our knowledgable agents or by filling out our online application.

 

 

Bonding Solutions | Mississippi Designated Agent Bond
Bonding Solutions | Mississippi Designated Agent Bond
Bonding Solutions | Mississippi Designated Agent Bond

How much will my Mississippi Designated Agent Bond cost?

Generally, these bonds are issued at 0.5% – 1% annually. They are considered instant issue bonds and are easily underwritten and issued. Get started by filling out our online application.

Bond amounts:

Mississippi Designated Agent Bond – $15,000

 

Why is a Mississippi Designated Agent Bond required?

A Mississippi Designated Agent Bond assures the public, state, and other parties that a licensed dealer will adhere to state laws and licensing regulations. If someone is impacted by a bonded dealer’s unethical behavior, they can make a claim against this bond surety bond. the dealer is responsible for repaying the surety if bond claims are paid.

How do I get started?

Getting started is easy. begin by filling out our application. Accept quoted terms and pricing. Lastly, pay for your bond and we ship the bond the same day.

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Additional Resources

Mississippi Bond Form

Mississippi Motor Vehicle Title Act

Department of Revenue Motor Vehicle Regulations Website

Surety Bond List

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Questions?

Call us today to speak to a Surety Bond Specialist

(877) 841-6745