Any individual or business entity applying for or renewing a license to operate as a used motor vehicle dealer in Louisiana. Required when: Required as a condition of obtaining or renewing a used motor vehicle dealer license. Exemptions: Individuals acting under a court order,Public officers performing official duties…
Overview
What it is.
Any individual or business entity applying for or renewing a license to operate as a used motor vehicle dealer in Louisiana. Required when: Required as a condition of obtaining or renewing a used motor vehicle dealer license. Exemptions: Individuals acting under a court order,Public officers performing official duties…
Who usually needs it
Any individual or business entity applying for or renewing a license to operate as a used motor vehicle dealer in Louisiana.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateLABond amount$50,000Term lengthContinuousObligeeLouisiana Used Motor Vehicle CommissionRenewalThe bond must be maintained throughout the period of licensure; a new bond or continuation certificate must be delivered to the commission at the beginning of each biennial license period.Bond classLicense BondCategoryMotor VehicleBondBond for Used Motor Vehicle DealersStatutory referenceLa. R.S. 32:791JurisdictionState
