LA lessor used-facility bonds.
$300 flat. Soft pull.

When a licensed Louisiana motor vehicle lessor operates a used motor vehicle facility, the Motor Vehicle Commission requires a $10,000 bond on that facility. Ours is $300 flat — 3% of the bond amount. One soft credit pull, e-signed in 1–2 business days.

Required for a lessor-operated used motor vehicle facility — through the Motor Vehicle Commission
Fixed amount, fixed price — $10,000 bond, $300, no quote theater
Soft credit pull only — never affects your score, and the rate stays 3% either way
A-ratedA.M. Best carriers1–2 daystypical issuance1–3 yrterms available
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Three steps to your facility.

Your used-facility filing is waiting on this bond. Here's the entire process — no broker phone tag:

TODAY · 5 MINUTES

Apply once, online

Business details, a few commercial questions, effective date. The only extra step is a one-time consent to a soft credit pull.

WITHIN 48 HOURS

Reviewed & approved

Most of these clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.

1–2 BUSINESS DAYS

E-sign & file with the Motor Vehicle Commission

Pay online and receive the executed bond, ready to file for your used motor vehicle facility. Wet-ink originals mailed whenever the Commission insists.

The whole pricing page.

$10,000 bond × 3% = $300, one-time per term. Fixed amount, fixed price, multi-year if you want it.

1-year term
$300
2-year term
$600
3-year term
$900
About this bond

What it is and who needs it.

What the bond actually guarantees

The Louisiana Motor Vehicle Commission licenses motor vehicle lessors. When a lessor also operates a used motor vehicle facility — a location handling used vehicles — the Commission requires a separate $10,000 bond on that facility, on top of any bond tied to the lessor's main license.

The bond is a consumer-and-public-protection guarantee: it stands behind your compliance with Louisiana's motor vehicle dealer and lessor law at that facility. If the facility's covered conduct harms a customer or violates the statute, the harmed party can recover against the bond up to $10,000.

It is not insurance for you — if the surety pays a claim, you repay the surety. Failure to maintain the bond can suspend the license, so we track it and notify you 60 and 30 days out to keep your facility filing continuous.

La. R.S. 32:1254 (Motor Vehicle Commission)The Louisiana Motor Vehicle Commission licenses motor vehicle lessors and the used motor vehicle facilities they operate under La. R.S. 32:1251 et seq. A used motor vehicle facility operated by a lessor is bonded separately — the Propeller schema reflects a $10,000 amount. Failure to maintain the bond can suspend or revoke the license. Confirm the facility bond amount on your Commission application.

You need this bond if you're

A licensed motor vehicle lessor operating a used motor vehicle facility
Adding a used-vehicle location the Commission requires to be bonded separately
Renewing your facility filing and your current bond is expiring or non-renewing
Restoring a suspended license after a facility bond lapsed

Five minutes. The whole thing.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.

Start the application →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

How much is this facility bond? +
The premium is $300 — a flat 3% of the fixed $10,000 bond amount, the same for every lessor. The $10,000 is set by the Commission, so there is no quote process.
Is this separate from my lessor license bond? +
Yes. This is the bond on the used motor vehicle facility specifically. Depending on your operation, the Commission may also require a bond tied to your main lessor license — confirm both on your application, and we can issue each.
Do I pay the $10,000? +
No. You pay $300. The $10,000 is the surety's maximum liability if a valid claim is made — not a deposit, and nobody holds your money.
Is there a credit check? +
Yes — one soft credit pull, which never affects your score. It informs approval, not price. The rate is a flat 3% either way.
What happens if the bond lapses? +
Failure to maintain the bond can suspend the license, and the Commission can revoke it if proof of a bond is not furnished within thirty days. We send renewal notices 60 and 30 days out, with autopay available, to prevent that.
Related bonds

Other New York bonds.

The Motor Vehicle Commission is waiting on one document.

$300 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.

Your premium @ 3%$300
Apply now →