Who requires it
Mississippi Department of Revenue / Mississippi Motor Vehicle Commission
License & permit · Mississippi
Mississippi Motor Vehicle Dealer Bond
Mississippi vehicle dealers answer to two bonding tracks. The Department of Revenue licenses dealers—including wholesale-only shops—as designated agents and requires a Bond of Designated Agent of at least fifteen thousand dollars under Title 35 dealer regulations and the MDOR application packet. Separately, applicants for new motor vehicle dealer licenses with the Mississippi Motor Vehicle Commission must file a twenty-five-thousand-dollar bond under Miss. Code §63-17-75, or a one-hundred-thousand-dollar bond covering every licensed location of the same capacity.
Common bond amount
$15,000 / $25,000 / $100,000
MDOR designated-agent ≥$15,000 for all dealers; MMVC new-dealer $25,000 per location or $100,000 multi-location.
How you file
File MDOR Bond of Designated Agent; new-vehicle dealers also file the MMVC bond
Renewal
Continuous while licensed; replace before cancellation; resize MMVC coverage when locations change
Who requires it
Every licensed Mississippi motor vehicle dealer, including wholesale dealers, for the MDOR designated-agent bond. New motor vehicle (franchise) dealer applicants and licensees additionally need the Motor Vehicle Commission bond under §63-17-75.
How much is required
MDOR rules set a floor of not less than fifteen thousand dollars for the designated-agent bond; the current dealer packet uses a fifteen-thousand-dollar Bond of Designated Agent form. Section 63-17-75 fixes twenty-five thousand dollars for a new-dealer location and allows a one-hundred-thousand-dollar multi-location alternative covering all licensed locations of the same capacity.
How to get and file it
For MDOR, have a Mississippi-qualified surety execute the Bond of Designated Agent in the exact ownership name style the packet requires, with seal and power of attorney, and file it with the Motor Vehicle Licensing Bureau application. For a new franchise dealer, separately complete the Motor Vehicle Commission bond form for $25,000 per location or the $100,000 multi-location option and file it with the Commission application. Keep both instruments continuous while the corresponding licenses remain active. Replace coverage before any surety cancellation becomes effective. If you add franchise locations, decide whether separate $25,000 faces or one $100,000 multi-location MMVC bond better fits the Commission’s same-capacity rule.
Cost note
Fifteen thousand, twenty-five thousand, or one hundred thousand dollars is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- MDOR designated-agent bond
- ≥ $15,000 for every licensed dealer, including wholesale
- MMVC new-dealer bond — single location
- $25,000
- MMVC new-dealer bond — multiple locations
- $100,000 covering all licensed locations of the same capacity
- Name match (MDOR)
- Sole prop, partnership, or corporation names must follow the packet’s line-1 naming rules
Official sources
Frequently asked questions
Does a Mississippi used-car dealer need both bonds?
Used and wholesale dealers need the Department of Revenue designated-agent bond of at least $15,000. The Motor Vehicle Commission $25,000 / $100,000 bond is the additional filing for new motor vehicle dealer licenses under §63-17-75.
Can one $100,000 bond cover every Mississippi franchise store?
Section 63-17-75 allows a $100,000 bond covering all licensed locations of the same capacity instead of separate $25,000 bonds for each location. Confirm with the Motor Vehicle Commission that your locations qualify.
Related Mississippi bond guides
Mortgage Broker / Lender Bond
$50,000 / $250,000
Mississippi mortgage brokers and mortgage lenders licensed under the S.A.F.E. Mortgage Act must keep a bond covering each mortgage loan originator affiliated with the company. As amended effective July 1, 2025, Miss. Code §81-18-11 sets the initial amount at fifty thousand dollars for a mortgage broker and two hundred fifty thousand dollars for a mortgage lender. Renewal amounts are set by the commissioner by rule based on prior-year loan activity and may not exceed those statutory caps.
Money Transmitter Bond
$100,000–$500,000
Mississippi money-transmission licensees must maintain a surety bond—or a commissioner-approved deposit—under the Money Transmission Modernization Act that replaced the prior Money Transmitters Act effective July 1, 2025. The required security is the greater of one hundred thousand dollars or one hundred percent of the licensee’s average daily Mississippi money-transmission liability for the most recently completed three-month period, up to five hundred thousand dollars.
Public Adjuster Bond
$50,000
Mississippi public adjuster applicants must show fifty thousand dollars of coverage before the Insurance Department issues a license. MID Regulation 2007-4 and 19 Miss. Code R. 1-36.05 allow either a surety bond or an errors-and-omissions policy in that amount. 2025 amendments also recognize a minimum fifty-thousand-dollar bond payable to the State or an irrevocable letter of credit kept for the duration of the license.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
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Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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