This bond is for anyone required to file a surety bond along with their defective title application
LA Used Motor Vehicle Dealer $50,000 Bond

About LA Used Motor Vehicle Dealer Bond

The State of Louisiana requires a $50,000 bond for each Motor Vehicle Dealer that sells used vehicles.

General Questions
What is a surety bond? 
What is a surety bond?

A surety bond is a three-party agreement among a principal, an obligee, and a surety.

The bond formalizes the principal's obligation to the obligee. The surety guarantees that the principal will fulfill their obligation.