Get Form 1923/mvd-lp031 (11/09) - Ftp Txdmv

Filling out the Form 1923/MVD-LP031 is a necessary step for motor vehicle dealers to obtain a license and ensure compliance with Texas law. This guide provides clear, step-by-step instructions to help users complete the form efficiently and accurately.

Follow the steps to fill out the form effectively.

1. Click ‘Get Form’ button to obtain the form and open it for editing.
2. Fill in the bond number at the top of the form where indicated. This is a unique identifier that should be assigned to your surety bond.
3. In the section labeled ‘Name’, provide the full name of the principal, which is the individual or business applying for the dealer's license.
4. Enter the principal's address, including street address, city, state, and ZIP code, in the respective fields.
5. In the section for the surety company, provide the name of the surety and their address, ensuring to include city, state, and ZIP code.
6. The principal must review the obligation condition detailed on the form. They should understand that the bond ensures that they will pay all valid bank drafts related to vehicle purchases, thus protecting consumers.
7. Verify and agree to the terms stated on the form, confirming acceptance of the conditions which detail the obligations of the principal.
8. Fill in the effective date and expiration date of the bond at the designated areas on the form.
9. Have the principal sign and date the form, including their title if they are signing on behalf of a corporation.
10. The surety should also sign and date the document in the corresponding section to finalize the bond agreement.
11. Once all sections are completed, review the form for accuracy. After ensuring all necessary fields are filled out, you can save changes, download, print, or share the form as needed.

Complete your documents online today to smooth the licensing process.