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Missouri bonds

Missouri — Motor Vehicle Dealer Bond

Missouri motor vehicle dealers use $50,000 surety security for covered licensing violations, including specified title-delivery failures. Match your dealer class to the Department of Revenue request and begin with RLI.

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Recorded state
Missouri
Category
Vehicles, titles & transportation

What this bond does

Indemnity for loss sustained by reason of acts constituting grounds for license suspension or revocation.

Who needs it
New motor vehicle franchise dealer, used motor vehicle dealer, powersport dealer, wholesale motor vehicle dealer, trailer dealer, or boat dealer.
Who it protects
Aggrieved parties, including buyers or lienholders.

Your bond option

This is the option on record for this bond.

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.

Bond Amount

Missouri mandates a fifty thousand dollar bond for licensed dealers.

Claim Eligibility

Buyers can claim the bond proceeds if the dealer fails to deliver the title within 30 days.

Proof Required

The statutory title-delivery route calls for a written agreement, associated sales and finance documents, and buyer or lienholder affidavits. Review the Department’s requirements for the particular claim.

Sources

Have these ready

  1. Have the licensed dealer entity, class and business address ready.
  2. Use the Department of Revenue's required bond form and effective dates in the provider application.
  3. After issuance, check the dealer details and submit the bond through the licensing process. Keep sale and title records in the business files.

Questions about this bond

What is the bond amount?

The stated penal sum is $50,000.

Does a title complaint automatically pay a claim?

No. The statute provides procedures for covered title-delivery losses, including Department of Revenue review and supporting sale, finance and affidavit documents.

Where do I apply for the bond?

The Southern Agency's Purchase Now link opens RLI in a new tab. Bond application, issuance and dealer licensing are separate steps.

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