California DMV Registration Service Bond
What is the motor vehicle registration service surety bond?
The motor vehicle registration service surety bond is necessary if you plan to operate this type of business. Its purpose is to protect the public from the consequences of unethical business practices or violation of state laws.
The California Motor Vehicle Registration Service Surety Bond must be executed in the amount of $25,000 in order to comply with the California Vehicle Code. By holding this bond, you (the principal), agree to be held accountable for your business decisions. If a court awards part or all of the bond amount to a customer who has been harmed (the claimant), you will have to pay back that amount later.
Why do I need this particular motor vehicle bond?
This bond is required by the California Department of Motor Vehicles in order for your business to be licensed. The DMV surety bond provides protection of up to $25,000 to customers who have been harmed by unprofessional or unethical actions by your motor vehicle registration service.
How much does a DMV surety bond cost?
The premium for a $25,000 registration service bond in California is $250 per year.
How can I get a motor vehicle registration service surety bond?
Getting your motor vehicle registration service bond is an important step in getting licensed. Your good credit score is an important factor in determining whether you qualify. To get started, simply:
- Request a quote for the bond.
- Sign the contract and pay the premium.
- Receive your bond.
Get a DMV registration service bond by filling out our contact form or by calling one of our bonding experts today.
What else should I know about the motor vehicle registration service surety bond?
This surety bond for registration services should be part of your application packet to be submitted to the Department of Motor Vehicles. Also required to be included in the packet are such items as:
- Occupational license for registration service application.
- A valid ID such as a driver's license.
- Your Social Security number.
For more licensing requirements and information on how to get a motor vehicle bond, contact NNA Surety Bonds and discuss the topic with one of our agents.