# 43 Tex. Admin. Code § 215.137: 43 TAC § 215.137. Surety Bond

> Texas · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_137

## Section

- **Citation:** 43 Tex. Admin. Code § 215.137
- **Heading:** 43 TAC § 215.137. Surety Bond
- **Jurisdiction:** Texas
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Texas Administrative Code / Title 43 TRANSPORTATION / Part 10 TEXAS DEPARTMENT OF MOTOR VEHICLES / Chapter 215 MOTOR VEHICLE DISTRIBUTION / 43 TAC § 215.137

## Text

(a) The surety bond required by Transportation Code, §503.033
 shall be in the legal business name in which the dealer's GDN will
 be issued and shall contain the complete physical address of each
 location licensed under the GDN that the surety bond is intended to
 cover.
(b) A surety bond executed by an agent representing
 a bonding company or surety must be supported by an original power
 of attorney from the bonding company or surety.
(c) The identity of the obligee on a surety bond or
 a rider to a surety bond must be approved by the department. An obligee
 may be identified as:
(1) a person who obtains a court judgment assessing
 damages and attorney's fees for an act or omission on which the bond
 is conditioned; or
(2) unknown.
(d) A bonding company that pays any claim against a
 surety bond shall immediately report the payment to the department.
(e) A bonding company shall give written notice to
 the department 30 days prior to canceling any surety bond.
(f) The surety bond required by this section does not
 apply to a:
(1) franchised motor vehicle dealer licensed by the
 department;
(2) franchised motorcycle dealer licensed by the department;
(3) franchised house trailer or travel trailer dealer
 licensed by the department; or
(4) trailer or semitrailer dealer licensed by the department.

## Nearby sections

- [43 Tex. Admin. Code § 215.131 43 TAC § 215.131. Purpose and Scope](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_131.md)
- [43 Tex. Admin. Code § 215.132 43 TAC § 215.132. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_132.md)
- [43 Tex. Admin. Code § 215.133 43 TAC § 215.133. GDN Application Requirements for a Dealer or a Wholesale Motor Vehicle Auction](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_133.md)
- [43 Tex. Admin. Code § 215.134 43 TAC § 215.134. Requirements for a Drive-a-way Operator In-Transit License](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_134.md)
- [43 Tex. Admin. Code § 215.135 43 TAC § 215.135. More than One Location](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_135.md)
- [43 Tex. Admin. Code § 215.137 43 TAC § 215.137. Surety Bond](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_137.md)
- [43 Tex. Admin. Code § 215.138 43 TAC § 215.138. Use of Dealer's License Plates](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_138.md)
- [43 Tex. Admin. Code § 215.139 43 TAC § 215.139. Dealer's Standard License Plate Allocation](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_139.md)
- [43 Tex. Admin. Code § 215.140 43 TAC § 215.140. Established and Permanent Place of Business Premises Requirements](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_140.md)
- [43 Tex. Admin. Code § 215.141 43 TAC § 215.141. Sanctions](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_141.md)
- [43 Tex. Admin. Code § 215.143 43 TAC § 215.143. Drive-a-way Operator In-Transit License Plates](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_143.md)
- [43 Tex. Admin. Code § 215.144 43 TAC § 215.144. Vehicle Records](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_144.md)
- [43 Tex. Admin. Code § 215.145 43 TAC § 215.145. Change of Dealer's Status](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_145.md)
- [43 Tex. Admin. Code § 215.147 43 TAC § 215.147. Export Sales](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_147.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T43_P10_C215_S215_137. Check the current official text before relying on it. Not legal advice.