Public automobile auctioneers must abide by a new law known as SB 3590 under Tennessee state law. The new law requires public automobile auctioneers to be licensed and post a surety bond of $50,000 from a certified bonding company; it is also mandatory to acquire liability insurance in the amount of $500,000. The new law is specifically for auctioneers who perform auctions that are open to the public.
-
Tennessee Public Automobile Auctioneer Bond
September 14, 2009 by Eric WeisbrotDiscuss: Comments (0)
Category: Auto Dealer Bonds, Commercial Bonds, Surety News
Tags: auctioneers bond, bond requirements, legislation, public automobile autioneer bond, surety bond, tennessee, tn
