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Mississippi Designated Agent Bond

How much does a designated agent bond cost in Mississippi?

The Mississippi Department of Revenue’s Motor Vehicle Licensing Bureau requires designated agents to post $15,000 surety bonds.

SuretyBonds.com issues these bonds instantly for just $150. No credit is required, so everyone pays this low flat rate. Get bonded now!

Bond Type Bond Amount Cost*
$15,000 Designated Agent Bond $15,000 $150 Buy Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

We can get you bonded in just 5 minutes when you fill out our online bond request form or call us at 1 (800) 308-4358.

Why do I need this bond?

Mississippi designated agent bonds hold the principal (vehicle dealer) responsible for carrying out all duties in compliance with state laws found in Section 6, Senate Bill 1688, Laws of 1968 - otherwise known as the Mississippi Motor Vehicle Title Act. If a principal fails to abide by state-mandated vehicle industry ordinances or violates the terms of his or her bond agreement, the surety will cover damages up to the full bond amount. The principal, in turn, must compensate the surety for any damages paid out.

Connect with one of our bond experts now to get bonded instantly for just $150!

What’s the fine print?

Mississippi motor vehicle dealer bonds for designated agents are required by the State of Mississippi and remain in full force unless canceled by the surety. The surety can cancel the bond by giving 30 days’ notice in writing to the Department of Revenue of the State of Mississippi.

How to become a designated agent in Mississippi

To become licensed as a designated agent in Mississippi, applicants must forward the originals of all applications received to the State Tax Commission within 1 business day of receiving them. Any evidence of title must accompany the applications.

The applicant will be billed an additional fee of $2 for each application for title not received by the State Tax Commission within 10 days of the date shown on the title application.

Ready to begin the licensing process? Get started now!

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Mississippi Department of Revenue Bond of Designated Agent (For Motor Vehicle Dealers Only) form

Title 35 Mississippi State Tax Commission Part VII Motor Vehicles and Title

Department of Revenue Motor Vehicle Regulations-Dealers Subpart 04 Motor Vehicle Dealer Permit

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