Applicants for and holders of broker licenses for new motor vehicles or recreational products. Required when: Required before any broker license is issued by the commission. Exemptions: Motor vehicle dealers or recreational products dealers (or their bona fide employees) acting on behalf of the dealer,Manufacturers, d…
Overview
What it is.
Applicants for and holders of broker licenses for new motor vehicles or recreational products. Required when: Required before any broker license is issued by the commission. Exemptions: Motor vehicle dealers or recreational products dealers (or their bona fide employees) acting on behalf of the dealer,Manufacturers, d…
Who usually needs it
Applicants for and holders of broker licenses for new motor vehicles or recreational products.
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$20,000Term lengthContinuous for the license period (typically 2 years).ObligeeLouisiana Motor Vehicle CommissionRenewalA new bond or a proper continuation certificate must be delivered to the commission at the beginning of each license period.Bond classLicense BondCategoryMotor VehicleBondMotor Vehicle Broker BondStatutory referenceLa. R.S. 32:1254(G)(6)JurisdictionState
