The Louisiana Public License Tag Agent Bond is required by the Louisiana Department of Public Safety & Corrections, Office of Motor Vehicles. The bond is required in the amount of $100,000 if you have one location, or $125,000 if you have two or more locations. There are 2 Stages needing approval before a letter is sent informing you that you have been approved to open a Public License Tag Agency. Once Stage 1 is approved, you will receive notification to submit Stage 2 documents. You are required to submit Stage 2 documents within 30 days of receiving Stage 1 Approval.
Violation of any part will result in your application being DENIED
What is a Public License Tag Agent?
In Louisiana, tag agents possess authority from the municipality to provide auto tag and registration services.
The Department of Public Safety, Office of Motor Vehicles governs the Office of Motor Vehicles to designate tag agents. The state provides jurisdiction to agents, such as:
- Collecting registration license sales and taxes,
- Issuing vehicle registration and license plates,
- Processing applications for certificates of title,
- & Recording liens, mortgages, or social security interests pertaining to motor vehicles
The bond states that the bondholder shall pay or cause to be paid all loss, damages, and expenses that may be occasioned by reason of the failure of title or by reason of any fraudulent misrepresentation and/or breaches of warranty as to freedom from liens, and has properly disposed of any sales tax collected by the principal at the time of the transaction. The Louisiana Public License Tag Agent Bond is not insurance for the applicant. If a claim is made on the bond by the state, the surety will expect the license tag agent to settle the claim with the state. Failure to do so will result in the surety exercising its rights under the signed indemnity agreement.
How do I apply the Bond?
At surety1.com we make it easy to apply for your Louisiana Public License Tag Agent Bond. Simply complete our easy to navigate, online application and usually within 1 business day you will be contacted by one of our surety bond professionals with a no obligation quote. Then, you will sign some important paperwork, make payment (all major credit cards accepted) and your bond will be delivered via traceable mail. Overnight shipping is also available. While we cannot provide quotes without an application, with good credit the annualized cost of the bond should be around 1% of the bond amount. The bond has a common renewal date of May 31 of every other year so the premium could be for more than or less than 1 full year.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies on the nation. Surety1 is the premier, online provider of surety bonds nationwide since 2003.