Mississippi designated agent bonds.
$175 flat.
Looking for the Mississippi motor vehicle dealer bond?
A Mississippi motor vehicle dealer acting as a designated agent of the Department of Revenue — handling titling and registration — must post a bond payable to the State of Mississippi for the faithful performance of those duties. The minimum is $15,000; the price is a flat $175, with a quick soft credit check that never affects your score.
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How much does a Mississippi designated agent bond cost?
$175 at the $15,000 amount, the same for every applicant.
Three steps to designated.
Your designated-agent appointment is waiting on this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
E-sign & file with the Department of Revenue
Pay online and receive the executed bond ready to file with your designated-agent application. Wet-ink originals mailed whenever the state insists.
What it is and who needs it.
What the bond actually guarantees
Mississippi lets motor vehicle dealers act as designated agents of the Department of Revenue under Miss. Code § 63-21-13 — collecting title and registration paperwork, taxes, and fees and transmitting them to the state. Because a designated agent handles the public's money and the state's titling process, the law requires a bond.
The bond is payable to the State of Mississippi, in a sum the Department sets but not less than $15,000, conditioned for the faithful performance of the designated agent’s duties. If an agent mishandles funds, fails to deliver clear title, or otherwise breaches those duties, the state and harmed parties can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. This is separate from any used-motor-vehicle-dealer license requirement; some dealers file both. We issue the $15,000 minimum at $175 flat; if the Department set a higher figure, send it and we will confirm the price.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $15,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
E-sign & file with the Department of Revenue. Pay online and receive the executed bond ready to file with your designated-agent application. Wet-ink originals mailed whenever the state insists.
What sets the price
The premium is fixed at $175 at the $15,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Mississippi bonds.
The same bond in nearby states.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
The Department of Revenue is waiting on one document.
$175 flat, short application, bond issued when you pay. Free until issued.