Registration Services Bonds
Registration services bonds are a pre-license requirement for any person or company that approves, renews, or transfers vehicle registration ownership. These bonds remain in effect, and renew annually, during the entire license period.
Registration services bonds are intended to protect the public and/or the state from financial losses due to illegal or unethical business practices. Violations that could lead to a claim on the bond include, but are not limited to: fraud, using a false or fictitious name, operating with a suspended license, and knowingly or negligently accepting false statements.
How Quickly Can I Get the Bond?
In most cases the bond can be issued the same day it is applied for, but in some cases, it may take longer than one day.
How Much Does It Cost?
The premium for each bond is determined by the bond amount, which is $25,000 in California, as well as the applicant’s credit report. Since the premium varies based on credit history, the only way to get an accurate idea of cost is to contact a surety agent.
What Documents Will I Need?
To apply for a registration services bond, you will need an application.
Contact us today and we can provide you with an application form, as well as answer any questions you may have. We’re here to help.
Vehicle Verifier Bonds
A vehicle verifier bond is a pre-license requirement for vehicle verifiers, which are defined as those who inspect, record, and submit proof of vehicle identification to the DMV for the purpose of registering or transferring the ownership of vehicles.
Vehicle verifier bonds are used to protect the public and/or the state from financial losses due to illegal, unethical, or negligent acts committed by the vehicle verifier. Violations that could lead to a claim on the bond include, but are not limited to: fraud, operating with a suspended license, or incorrectly verifying engine, vehicle verification, or hull identification numbers.
How Quickly Can I Get the Bond?
In most cases the bond can be issued the same day it is applied for, but in some cases, it may take longer than one day.
How Much Does It Cost?
The premium charged for the California vehicle verifier bond is usually $100. However, premium rates sometimes fluctuate, so it is best to contact a surety agent for an accurate quote.
What Documents Will I Need?
To apply for a vehicle verifier bond, you will need an application.
Contact us today and we can provide you with an application form, as well as answer any questions you may have. We’re here to help.
