State of Tennessee (Department of Revenue) - Motor Vehicle Title Corporate Surety Bond
Required for businesses authorized to process motor vehicle titles in Tennessee. Protects the state and public from fraudulent or improper title transactions.
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About This Bond
What this bond covers.
The Tennessee Motor Vehicle Title Corporate Surety Bond is required for businesses that have been granted authority by the Tennessee Department of Revenue to process motor vehicle title transactions. This bond ensures compliance with state regulations governing title processing and protects against fraudulent or improper handling of vehicle titles.
Businesses that act as authorized agents for motor vehicle title processing must obtain this bond as part of their licensing requirements. This includes dealerships, title service companies, and other entities authorized to handle title transfers, registrations, and related documentation on behalf of vehicle owners.
The bond protects the State of Tennessee Department of Revenue and the general public from financial losses that may result from the bonded business's failure to comply with applicable laws and regulations. Coverage includes protection against fraudulent title transactions, improper documentation, or other violations of title processing procedures.
This bond has a 3-year term and bond amounts vary based on the volume and scope of title processing activities. The bond must be maintained continuously throughout the period of authorization to process motor vehicle titles in Tennessee.
How to Get Your State of Tennessee (Department of Revenue) - Motor Vehicle Title Corporate Surety Bond
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FAQ
The cost of a State of Tennessee (Department of Revenue) - Motor Vehicle Title Corporate Surety Bond is typically a percentage of the total bond amount. Your exact rate depends on the bond amount, your credit, and professional experience, and is confirmed after a quick application.
Most standard bonds are issued the same day - many within minutes of completing the application. Bonds that require underwriting review may take 1-3 business days.
Requirements vary by state and obligee, but most applicants need to complete a short application. Some bonds require a credit check, while others are issued regardless of credit. Business financials or professional experience may be considered for larger bond amounts.
Yes. Many bonds are available regardless of credit history. For bonds that require underwriting, applicants with lower credit scores can still qualify - the premium rate may be higher. We work with multiple carriers to find you the best available rate.
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TurboBonds.com is operated by Shield Liability Insurance Agency, a California and Texas licensed insurance agency (CA License #6018195, TX License #3446536). Shield Liability Insurance Agency is not an insurance carrier and does not underwrite bonds or insurance policies. Bond and coverage availability, pricing, and issuance are subject to carrier underwriting approval, eligibility, applicable state requirements, and policy or bond terms. Availability varies by state.
