Tennessee Motor Vehicle Auctioneers are required under Chapter 79, Tennessee Public Acts of 1955, to file a Tennessee Motor Vehicle Auction Bond as a condition of licensure.
Bonds Express offers a Tennessee Motor Vehicle Auction Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Tennessee Motor Vehicle Auction Bond holds you accountable for your business decisions.
By possessing a Tennessee Motor Vehicle Auction Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.