Any person or business entity applying for a Public Automobile Auction license in Tennessee. Required when: Application for a Public Automobile Auction license. Exemptions: Standard auctioneers (Principal, Affiliate, or Bid Caller) who are instead required to pay a $50 fee into the Auctioneer Education and Recovery Ac…
Overview
What it is.
Any person or business entity applying for a Public Automobile Auction license in Tennessee. Required when: Application for a Public Automobile Auction license. Exemptions: Standard auctioneers (Principal, Affiliate, or Bid Caller) who are instead required to pay a $50 fee into the Auctioneer Education and Recovery Ac…
Who usually needs it
Any person or business entity applying for a Public Automobile Auction license in Tennessee.
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.
StateTNBond amount$50,000Term lengthTwo yearsObligeeTennessee Auctioneer CommissionRenewalThe bond must be maintained for the duration of the license period and is typically renewed every two years, aligning with the license expiration on June 30th of odd-numbered years.Bond classLicense BondCategoryMotor VehicleBondPublic Automobile Auction BondStatutory referenceTenn. Code Ann. § 62-19-128(b)(3)JurisdictionState
