Louisiana Auto Title Company Bond

The Louisiana Auto Title Company Bond is required by the Louisiana Department of Public Safety & Corrections, Office of Motor Vehicles. The bond amount is  $100,000, or $125,000 if you have multiple locations. You must apply for your Auto Title Company license in conjunction with obtaining your License and Tag Agent license.

To become an Auto Title Company, you must attest that you:

•  Read and understand all applicable laws, administrative rules, and Office of Motor Vehicles’ policies and procedures that establish the laws, rules, regulations, and policies that relate to the powers and duties of auto title companies, and to transactions that auto title companies complete.
• Keep abreast of all applicable laws, administrative rules, and Office of Motor Vehicles’ policies that relate to the powers and duties of auto title companies and the transactions that auto title companies complete.
• Ensure all employees of the auto title company are made aware of all applicable laws, administrative rules, and Office of Motor Vehicles’ policies and procedures that establish the laws, rules, regulations, policies and procedures that relate to the powers and duties of auto title companies and to transactions that auto title companies complete.

What is a Louisiana Auto Title Company Bond?

The bond is a type of surety bond that is required by the State to protect it from potential maleficence on the part of the Title Company. The bond is not offer protection for the auto title company, it is not insurance. If a claim is made on the bond, the surety will look to the applicant to hold it harmless.

How do I obtain the bond?

At surety1.com we make it easy to apply for all types of surety bonds. Simply complete our easy to navigate, online application and usually, within 1 business day one of our surety professionals will contact you with free, no obligation quote. Then you will sign some important paperwork, make payment (all major credit cards accepted) and your bond will be delivered via tracible mail (overnight shipping is also available).  While we cannot provide firm quotes without an application, with good credit the annual cost of this bond will be around 1% of the bond amount. If credit is challenged, the rate may be more.

Surety1.com is a service of AssuredPartners  one of the largest and fastest growing insurance agencies on the nation. Surety1 is the premier, online provide of surety bonds nationwide since 2003 and maintains an A+ rating from the Better Business Bureau.

Click Here for Information on About the Louisiana Public License Tag Agent Bond