Mississippi — New Motor Vehicle Dealer Bond
Mississippi new motor vehicle dealers use a $25,000 bond, with a $100,000 arrangement available for multiple locations. Identify the locations your request covers before starting the Propeller application.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Mississippi
- Category
- Vehicles, titles & transportation
What this bond does
To provide indemnity for losses sustained by aggrieved parties due to acts constituting grounds for license suspension or revocation.
- Who needs it
- New Motor Vehicle Dealer
- Who it protects
- Any aggrieved party, executed in the name of the State of Mississippi.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Section 63-17-75 | Mississippi Motor Vehicle Commission (opens in a new tab)Checked October 19, 2026
Have these ready
- List all dealership locations and confirm whether separate security or the multiple-location arrangement is requested.
- Have the legal applicant name, requesting party and any required form available for the provider application.
- Compare the requested sum and effective dates with the actual option and issued document.
Questions about this bond
Is surety liability cumulative each year?
The statute limits aggregate surety liability to the bond amount regardless of how many years the bond has been in effect.
Which locations should I identify?
List every dealership location and confirm whether the request calls for separate security or the $100,000 multiple-location arrangement.
How do I start the bond application?
Purchase Now opens Propeller in a new tab through The Southern Agency. After issuance, check the covered entity and locations before submitting the bond as instructed.