Effective September 1, 2021 TX House Bill 3533 increased the bond requirement for most Texas Motor Vehicle Dealers from $25,000 to $50,000. In addition to the increased surety bond requirement, the law now requires dealers to post notice of their surety bond next to their General Distinguishing Number (GDN).
The increased surety bond requirement applies to all GDN license types except for Trailer/Semitrailer and Non-Motorized Travel Trailer. New applicants and renewing dealers may still submit a Motor Vehicle Dealer surety bond in the amount of $25,000 so long as their new or renewing license is effective prior to September 1, 2021. New applicants and renewing dealers with a license effective date of September 1, 2021 or later must submit a $50,000 Motor Vehicle Dealer surety bond.
Our expert surety team will help you get your Texas Motor Vehicle Dealer License Bond at the best rates available. Fill out the secure bond application below and we will shop for the lowest rates available based on your credit score and years of experience in the industry.
1) Complete our online application below or download the PDF application and send to firstname.lastname@example.org.
2) A quote will be emailed to you within 24-48 hours.