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WHEREAS, the above-named Principal is applying for a license as a motor vehicle dealer, AND WHEREAS, said Principal is required by law (Tex. Transp. Code §503.033) to submit a properly executed surety bond, conditioned as set forth below, with said application for license,
The purpose of this manual is to provide prospective and current motor vehicle industry licensees as well as other stakeholders with an easy-to-use overview of Texas motor vehicle dealer licensing and operating laws.
What is a Texas Motor Vehicle Dealer Bond? Know the steps in acquiring this surety bond! The Texas Transportation Code requires you to secure a surety bond if you are selling, buying, and exchanging more than five different vehicles per year.
Bond App form TX MVD.doc Important Signature Instructions • If sole owner, applicant must sign as duly authorized representative. Spouse must sign as additional indemnitor below. • If a general partnership, an authorized partner must sign as duly authorized representative.
Address 800 Berin Dr. Ste 310, Houston, TX 77057 Phone (713) 622-1494 A enc Fax recommendation A enc Email ins Texas Motor Vehicle Dealer Bond Application Effective Date City Phone C]Partnership DCorporation Corp State Fax Zip Name (as it is to appear on the bond) Address of Tax Olndividual T pe of Business Date business started
texas motor vehicle dealer’s bond application Provide the following information for each owner or stockholder, including yourself (use additional sheet if necessary). All owners must sign this application.
If you wish to operate as an auto dealer in Texas – regularly and actively buy, sell, or exchange vehicles from an established and permanent location – you will need a motor vehicle dealer bond. This includes: Independent motor vehicle dealers; Franchised motor vehicle dealers; Independent mobility motor vehicle dealers; Wholesale motor ...
