Tennessee — Motor Vehicle Auction Bond
Tennessee motor vehicle auctions use a separate $50,000 auction bond. Apply for the auction business with its Motor Vehicle Commission request ready, then continue to Propeller.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Tennessee
- Bond type
- Motor Vehicle Dealer / Vehicle Sales Bond
- Category
- Vehicles, titles & transportation
What this bond does
Financial security to ensure compliance with laws and regulations governing motor vehicle auctions.
- Who needs it
- Motor vehicle auction businesses in Tennessee
- Who it protects
- The State of Tennessee and any person with a cause of action under Tennessee Motor Vehicle Commission laws.
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
- MVC Auction Bond (opens in a new tab)Checked October 19, 2026
Have these ready
- Have the auction entity name, license details and Commission bond instructions ready.
- Match the required amount and June 30 expiration year to your licensing request.
- After issuance, complete the form's execution requirements and submit the checked auction bond with the licensing documents.
Questions about this bond
Is the bond only for the benefit of the state?
No, it also benefits any person who has a cause of action under the laws governing the Tennessee Motor Vehicle Commission.
Are the principal and surety jointly responsible?
Yes, they are jointly and severally held and bound under the bond.
How long is the bond valid?
The bond expires on June 30 of the year noted.