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How much does an oversize hauling permit bond cost in Louisiana?
The Louisiana Department of Transportation and Development requires individuals who haul oversize and overweight loads in Louisiana to post surety bonds. The bond amount starts at $1,000 and may increase to an amount equal to the customer’s monthly billing.
SuretyBonds.com issues the $1,000 bonds instantly for just $100. Simply click Buy Now to purchase your bond online using our secure bond checkout. In just a few minutes, you can be on your way to getting bonded as an oversize or overweight hauler in Louisiana.
Why do I need this bond?
By posting a Louisiana hauling permit bond, principals (oversize/overweight load haulers) pledge to promptly pay all special permit fees and charges required by Title 32 of the Louisiana Revised Statutes of 1950 to the Department of Transportation and Development.
This bond protects the state from financial loss if the principal fails to comply with all terms of the surety bond contract and all rules and regulations of the state and industry.
What’s the fine print?
Oversize/overweight hauling surety bonds in Louisiana remain in full force and effect as long as the principal remains in compliance with the terms of the surety bond contract.
The surety can cancel the bond by giving written notice of cancellation to the Department of Transportation’s Permit Section in Baton Rouge, Louisiana. Cancellation becomes effective 30 days after the receipt of said notice.