Mississippi Auto Dealer Bonds
Auto dealer bonds protect consumers and the state. The bond amount and license type required depend on your state's DMV.
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At a glance
Mississippi Auto Dealer Bond Key Facts
Governed by Miss. Code Ann. § 63-17-75.
The basics
What Is an Auto Dealer Bond in Mississippi?
Yes — Mississippi requires an auto dealer bond. To get or keep a new, used, or wholesale motor vehicle dealer license, you must file a $25,000 corporate surety bond with the Mississippi Motor Vehicle Commission on the bond form the Commission approves (Miss. Code Ann. § 63-17-75). A dealer with more than one location of the same capacity may instead post a single $100,000 bond covering all of those locations.
Good to know - Required for every new, used, or wholesale motor vehicle dealer license. The Motor Vehicle Commission bond is $25,000; a dealer with multiple locations of the same capacity may instead post one $100,000 bond covering all of those locations, in lieu of separate bonds (Miss. Code Ann. § 63-17-75). This is separate from the $15,000 dealer tag permit bond filed with the Department of Revenue if you want to issue dealer tags.
A surety bond is a promise, backed by a surety company, that you will follow Mississippi’s Motor Vehicle Commission Law. If you break the law and someone is harmed, they can bring a claim against your bond, up to its full amount.
The bond protects the public and the state, not you. It is executed in the name of the State of Mississippi for the benefit of any aggrieved party, and the Commission pays a claim only after a Mississippi court enters a final judgment against you. If a claim is paid, you must repay the surety company.
The bond is a separate thing from your license fee and from insurance. It stays in force the whole time you hold your dealer license, and letting it lapse is grounds to suspend or revoke the license.
If you also want to issue dealer tags, that is a second, separate step handled by the Mississippi Department of Revenue, which requires its own $15,000 dealer tag permit bond.
Qualification
What You Need to Qualify for a Mississippi Auto Dealer Bond
Approval depends on your dealer license type, required coverage amount, and underwriting factors such as credit.
- You are applying for, or renewing, a Mississippi motor vehicle dealer license (new, used, or wholesale) with the Mississippi Motor Vehicle Commission.
- You will post a $25,000 corporate surety bond on the Commission-approved bond form. Dealers with more than one location of the same capacity may instead post a single $100,000 bond covering all of those locations.
- Your bond is written by a surety company authorized to do business in Mississippi, with the power of attorney attached and the corporate seal affixed.
- If you are applying for a used motor vehicle dealer license, you (or your representative) have completed the eight-hour education seminar run by the Mississippi Independent Auto Dealers Association within the 12 months before you apply.
- You have an established place of business in Mississippi and can show the financial standing and business integrity the Commission reviews.
- You will keep the bond continuous the whole time you are licensed and renew it on time, since a lapse is grounds to suspend or revoke your license.
- If you also want dealer tags, you are ready to file a separate $15,000 dealer tag permit bond with the Mississippi Department of Revenue.
Step by step
How to Get an Auto Dealer Bond in Mississippi: Step by Step
Confirm your dealer license type and bond amount
Decide which Motor Vehicle Commission license you need — new, used, or wholesale motor vehicle dealer. Your bond is $25,000 for a single location. If you run more than one location of the same capacity, you may post one $100,000 bond covering all of them instead of a separate bond for each.
Complete the used-dealer education seminar (used dealers only)
If you are applying for a used motor vehicle dealer license, you must complete the eight-hour education seminar run by the Mississippi Independent Auto Dealers Association within the 12 months before you apply, and include your certificate of completion (Miss. Code Ann. § 63-17-76).
Buy your Mississippi dealer bond
Buy your bond and we handle the paperwork. We issue your $25,000 surety bond (or the $100,000 multi-location bond) on the Commission-approved form, with the power of attorney attached and the corporate seal affixed, and provide it for filing with your application — there is no bond form for you to download, complete, or sign.
Complete your New Motor Vehicle Dealer application
Fill out the Motor Vehicle Commission’s New Dealer Application and gather the supporting documents it lists — proof of an established place of business, your financial and business-integrity information, and evidence of liability insurance. The current application is on the Commission’s applications page.
New Dealer ApplicationFile your application, fees, and bond with the Commission
Mail your completed New Dealer Application, your surety bond, your supporting documents, and your fees to the Mississippi Motor Vehicle Commission in Jackson. The Commission reviews your application before issuing the license.
Add a dealer tag permit if you need dealer tags
To issue dealer tags, file a separate dealer tag permit application and a $15,000 dealer tag permit bond with the Mississippi Department of Revenue, Motor Vehicle Services Bureau. This is a distinct step from your Commission license.
Renew each year and keep your bond current
Your Mississippi dealer license renews each year. Renew on time and keep your surety bond continuous — a lapse in the bond is grounds to suspend or revoke your license. If your amount can change (for example, adding locations), update the bond before you file.
Paperwork
Mississippi Dealer Bond Forms & Documents
The Motor Vehicle Commission application to become a licensed Mississippi motor vehicle dealer — you complete and submit this. Found on the Commission’s applications page.
View formThe official $25,000 (or $100,000 multi-location) dealer bond form required by Miss. Code Ann. § 63-17-75 — we issue and provide this for you; you do not fill it out yourself.
Needed only if you want to issue dealer tags. Requires a separate $15,000 dealer tag permit bond filed with the Department of Revenue — we can issue that bond for you.
View formYou'll also need
Cost
How Mississippi Auto Dealer Bond Pricing Works
You do not pay the full bond amount. The $25,000 (or $100,000) figure is the coverage — the most a claim can collect. You pay a premium, which is a small percentage of the bond amount.
Your premium is set by underwriting, mostly your personal credit. Well-qualified applicants pay a low rate; higher-risk applicants pay more. The premium is separate from Mississippi’s license fee, any administrative fee, and the dealer tag permit bond.
Worked example
Mississippi sets the dealer bond at $25,000 for a single location. If your bond is $25,000, you do not pay $25,000 — you pay a premium, often a small percentage of the bond amount for well-qualified applicants. Your exact rate depends on underwriting, mainly your credit. Start a quote to see your price.
Filing
Filing Information
Mississippi Motor Vehicle Commission
Filing notes
Your $25,000 surety bond, on the bond form approved by the Commission, must be filed with the Mississippi Motor Vehicle Commission as part of your new-dealer application before a license is issued (Miss. Code Ann. § 63-17-75). The bond is executed in the name of the State of Mississippi for the benefit of any aggrieved party.
A dealer with multiple locations of the same capacity may file a single $100,000 bond covering all of those locations instead of a separate $25,000 bond for each one.
We issue your bond on the Commission-approved form, with the power of attorney attached and the corporate seal affixed, and provide it for filing with your application — there is no bond form for you to complete or sign. Keep the bond continuous and renew on time so your license does not lapse.
If you also want to issue dealer tags, that requires a separate $15,000 dealer tag permit bond filed with the Mississippi Department of Revenue, Motor Vehicle Services Bureau (P.O. Box 1140, Jackson, MS 39215) — we can issue that bond too.
FAQ
Mississippi Auto Dealer Bond FAQ
Yes. Every new application for a new, used, or wholesale motor vehicle dealer license must be filed with a $25,000 corporate surety bond on the Commission-approved bond form (Miss. Code Ann. § 63-17-75).
It is $25,000 for a single location. A dealer with multiple locations of the same capacity may instead post one $100,000 bond covering all of those locations, in lieu of separate bonds for each.
No. The $25,000 bond is for your Motor Vehicle Commission dealer license. If you also want to issue dealer tags, you file a separate $15,000 dealer tag permit bond with the Mississippi Department of Revenue.
The dealer license bond is filed with the Mississippi Motor Vehicle Commission, 1755 Lelia Drive, Suite 200, Jackson, MS 39216. We issue the bond on the Commission-approved form and provide it for filing — there is no bond form for you to complete.
You pay a premium, not the full bond amount. The premium is a small percentage of your bond amount, based mainly on your credit. Start a quote to see your rate.
The bond must stay continuous the whole time you hold your dealer license. You can buy it for a 1-, 2-, or 3-year term, subject to approval, and you renew it alongside your annual license.
Yes. The surety bond must be on file with the Motor Vehicle Commission as part of your application before a dealer license is issued (Miss. Code Ann. § 63-17-75).
Letting the bond lapse is grounds for the Commission to suspend or revoke your dealer license. Keep coverage continuous and renew on time.
Sources
Last verified 2026-07-01. Requirements change - confirm current details with Mississippi Motor Vehicle Commission before you file. This page is informational and not legal advice.
FAQ
Mississippi Auto Dealer Bond Questions
The cost of a Mississippi auto dealer bond is usually a small percentage of the state-required bond amount. Your exact premium depends on the bond amount, license type, business details, and underwriting factors such as credit.
Many auto dealer bonds can be issued the same day after you complete the application. Larger bond amounts or applications that need underwriting review may take longer.
Requirements vary by license type, but most Mississippi auto dealers need to complete a short application and purchase the bond amount required by the state before their license can be issued or renewed.
Often, yes. Many states have separate bond requirements for wholesale, retail, broker, or other dealer license types. Choose the bond that matches your Mississippi license instructions.
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AutoDealersBond.com is operated by Shield Liability Insurance Agency, a California and Texas licensed insurance agency (CA License #6018195, TX License #3446536). Shield Liability Insurance Agency is not an insurance carrier and does not underwrite bonds or insurance policies. Bond and coverage availability, pricing, and issuance are subject to carrier underwriting approval, eligibility, applicable state requirements, and policy or bond terms. Availability varies by state.
