Motor Vehicle Dealers - New or New and Used Vehicles
Required for new motor vehicle dealers in Mississippi to obtain and maintain their dealer license. Protects the state and consumers from fraudulent business practices.
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About This Bond
The Bond of New Motor Vehicle Dealer is a surety bond required by the State of Mississippi for businesses that sell new motor vehicles or both new and used vehicles. This bond is a mandatory requirement for obtaining and maintaining a motor vehicle dealer license in Mississippi.
New motor vehicle dealerships must obtain this bond as part of their licensing process. The bond ensures that dealers operate in compliance with state laws and regulations governing motor vehicle sales, including proper handling of titles, warranties, and consumer transactions.
The bond protects the State of Mississippi and consumers from financial losses that may result from the dealer's failure to comply with applicable laws, fraudulent business practices, or breach of contract. If a dealer violates state regulations or causes financial harm to customers, claims can be made against the bond to provide compensation.
This bond requires a $25,000 coverage amount and has a one-year term. The bond is renewable annually to maintain continuous licensing. Applicants must submit a signed application with business and personal indemnity agreements and provide a clean credit report as part of the underwriting process.
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At a glance
Mississippi Auto Dealer Bond Key Facts
Governed by Miss. Code Ann. § 63-21-23.
The basics
What Is an Auto Dealer Bond in Mississippi?
A bonded title in Mississippi is a regular vehicle title the Mississippi Department of Revenue (DOR) issues on the strength of a surety bond. You use it when you cannot get the normal proof of ownership — for example, you were never given a properly assigned title and cannot reach the previous owner. Mississippi’s official form is the Certificate of Title Bond (Form 78-016), and the bond equals one and one-half (1.5x) times the vehicle’s value.
Good to know - There is no minimum vehicle value to require a bond. A Mississippi title bond is required whenever the Department of Revenue is not satisfied as to ownership of the vehicle or that there are no undisclosed security interests (liens).
The bond protects the Mississippi Department of Revenue and any prior owner, lienholder, or future buyer if someone else turns out to have a claim on the vehicle. You file it together with your title application — it does not replace the application. Mississippi law calls this filing a bond under Miss. Code § 63-21-23.
Mississippi sets the bond at 1.5 times your vehicle’s value, and the bond stays in effect for three years. If no valid claim is made during that time, the bond ends and you keep a clear Mississippi title.
A surety bond is not the only option. Mississippi Code § 63-21-23 also lets you deposit cash in the same amount in place of a surety bond. And if you are the owner of record and have simply lost your Mississippi title, you do not need a bond at all — apply for a duplicate with Form 78-006 instead.
Qualification
What You Need to Qualify for a Mississippi Auto Dealer Bond
Approval depends on your dealer license type, required coverage amount, and underwriting factors such as credit.
- You cannot get the normally required proof of ownership — for example, you were never given a properly assigned title and cannot reach the previous owner for a replacement.
- The vehicle is in your possession.
- The Mississippi Department of Revenue is not satisfied as to ownership, or that there are no undisclosed liens, on the vehicle (the condition that triggers the bond under Miss. Code § 63-21-23).
- You can complete a notarized Affidavit of Ownership (Form 78-013) describing how you acquired the vehicle.
- The bond is issued by a surety company authorized to do business in Mississippi (or you post a cash deposit in the same amount).
Step by step
How to Get an Auto Dealer Bond in Mississippi: Step by Step
Confirm you need a Mississippi title bond
Mississippi requires a title bond only when the Department of Revenue is not satisfied that you own the vehicle, or that there are no undisclosed liens — for example, you never received a properly assigned title and cannot reach the previous owner. If you are the owner of record and only lost your Mississippi title, you do not need a bond.
Application for Replacement Certificate of Title (78-006)Determine your bond amount
The bond must equal one and one-half (1.5x) times your vehicle’s value as determined by the Mississippi Department of Revenue. Enter your vehicle’s value in the calculator above to estimate your premium.
Complete a notarized Affidavit of Ownership
Fill out the Affidavit of Ownership of Motor Vehicle for Which Application for Title Under Bond or Cash Is Made (Form 78-013), which describes how you got the vehicle and states that you are the owner. The affidavit must be notarized.
Affidavit of Ownership of Motor Vehicle for Which Application for Title Under Bond or Cash Is Made (78-013)Buy your Certificate of Title Bond
Purchase a Mississippi title bond for 1.5x your vehicle’s value and complete the Certificate of Title Bond (Form 78-016) — the DOR also calls this the "Certificate of Bond." The bond is written in favor of the Department of Revenue and stays in effect for three years.
Certificate of Title Bond (78-016)Complete your Application for Mississippi Title
Fill out the Application for Mississippi Title (Form 78-002) — the main certificate-of-title application — for the vehicle you are bonding.
Application for Mississippi Title (78-002)File everything through your county Tax Collector
Submit your Application for Mississippi Title (Form 78-002), the Certificate of Title Bond (Form 78-016), the notarized Affidavit of Ownership (Form 78-013), a bill of sale, and the $9 title fee at your local county Tax Collector’s office. The DOR Title Bureau in Jackson processes the paperwork and issues the title.
Paperwork
Mississippi Dealer Bond Forms & Documents
Mississippi’s vehicle title surety bond (the DOR "Certificate of Bond"), for 1.5x the vehicle’s value.
View formNotarized statement of how you acquired the vehicle; filed with the bond.
View formUsed when you are the owner of record and only need a duplicate Mississippi title (no bond required).
View formYou'll also need
Cost
How Mississippi Auto Dealer Bond Pricing Works
You do not pay the full bond amount. In Mississippi, the surety bond must equal 1.5 times your vehicle’s value. You pay a premium, which is a smaller percentage of that bond amount.
Your premium depends on the bond amount and underwriting. Use the calculator above for an estimate; your final premium may vary. The $9 title fee and any registration or tax charges are paid to the State of Mississippi and are separate from the bond premium. (Mississippi also lets you post a cash deposit of the same 1.5x amount in place of a surety bond.)
Worked example
If your vehicle’s value is $6,000, the bond amount is 1.5x that, or $9,000. You pay only the premium on the $9,000 bond, not the full $9,000.
Filing
Filing Information
Mississippi Department of Revenue (DOR), Title Bureau
We prepare the issued bond and send you a copy for your records. Filing requirements vary by state, license type, carrier, and bond form.
601-923-7200FAQ
Mississippi Auto Dealer Bond FAQ
Yes. The Mississippi Department of Revenue issues a title backed by a Certificate of Title Bond (Form 78-016) under Miss. Code § 63-21-23 when it is not satisfied as to ownership of the vehicle, or that there are no undisclosed liens.
The bond amount is 1.5 times your vehicle’s value as determined by the Department of Revenue. You pay a premium — a percentage of that amount — not the full bond amount. Use the calculator above to estimate it.
The Mississippi Department of Revenue determines the value, and the bond must equal 1.5 times that figure (Miss. Code § 63-21-23). The specific valuation method the DOR uses is not published online; confirm it with the DOR Title Bureau.
Three years. Under Miss. Code § 63-21-23, the bond (or cash deposit) is returned at the end of three years unless a claim against it is pending or the vehicle is found not to belong to the registered owner.
Yes. Mississippi Code § 63-21-23 lets you file a cash deposit in place of a surety bond, in the same amount (1.5x the vehicle’s value). Like the bond, the cash is returned after three years if no valid claim is made.
Through your local county Tax Collector’s office (a DOR designated agent). Submit Form 78-002, the Certificate of Title Bond (Form 78-016), the notarized Affidavit of Ownership (Form 78-013), a bill of sale, and the $9 title fee. The DOR Title Bureau in Jackson processes it — call 601-923-7200 with questions.
If you are the owner of record and only lost your Mississippi title, you do not need a bond. Apply for a duplicate with the Application for Replacement Certificate of Title (Form 78-006) instead.
Sources
Last verified 2026-06-23. Requirements change - confirm current details with Mississippi Department of Revenue (DOR), Title Bureau before you file. This page is informational and not legal advice.
FAQ
Mississippi Auto Dealer Bond Questions
The cost of a Mississippi auto dealer bond is usually a small percentage of the state-required bond amount. Your exact premium depends on the bond amount, license type, business details, and underwriting factors such as credit.
Many auto dealer bonds can be issued the same day after you complete the application. Larger bond amounts or applications that need underwriting review may take longer.
Requirements vary by license type, but most Mississippi auto dealers need to complete a short application and purchase the bond amount required by the state before their license can be issued or renewed.
Often, yes. Many states have separate bond requirements for wholesale, retail, broker, or other dealer license types. Choose the bond that matches your Mississippi license instructions.
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AutoDealersBond.com is operated by Insurance Services by Shield, a California and Texas licensed insurance agency (CA License #6018195, TX License #3446536). Insurance Services by Shield 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.
