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A $25,000 dealership bond is required auto, motorcycle and wholesale auction dealers in Texas. This bond must run for the term of the license period. Franchised dealers and trailer dealer are exempted from this bond in Texas.
Texas MVD's with a low credit scores, or public records on their personal credit report (Bankruptcy, Liens, Collection, or Civil Judgments) may find a difficult time getting bonded. Bryant Surety Bonds, Inc offers a Bad Credit Surety Bond Program that is specially tailored to your needs and can get you approved. This program is available for all bad credit Auto Dealers.
*Information for state licensing is provided as a guide, always verify with the state that the information is correct.