California Motor Vehicle Fuel Broker Bond
Bond Requirements & Set Rates
| Bond Amount Required | Annual Premium |
| Varies | Varies |
Motor vehicle fuel brokers who facilitate the sale, transport, or distribution of motor fuel between suppliers, distributors, and retailers must secure a surety bond to operate legally. Required by the California Department of Tax and Fee Administration (CDTFA), the California motor vehicle fuel broker bond ensures compliance with state fuel tax laws and protects suppliers, distributors, and the state from financial loss due to fraud, nonpayment, or other misconduct.
Cost of a California Motor Vehicle Fuel Broker Bond
The cost of the California motor vehicle fuel broker bond is typically a small percentage of the bond amount. The CDTFA calculates the bond amount based on your expected fuel volume.
Why You Need a Motor Vehicle Fuel Broker Bond
The California motor vehicle fuel broker bond ensures the broker accurately reports fuel transactions and protects the state from the loss of essential tax revenue. Like all surety bonds, this bond involves three parties:
- Principal: Motor vehicle fuel broker
- Obligee: California Department of Tax and Fee Administration (CDTFA)
- Surety: Bonding company
If a valid claim is filed, the surety compensates the harmed party up to the bond amount, and the broker is responsible for reimbursing the surety for any payout.
How to Get a California Motor Vehicle Fuel Broker Bond
Getting this bond with NNA Surety is simple:
- Complete this bond application with your business and operational details.
- Pay the premium to activate your bond.
- Submit the bond to the CDTFA as part of your licensing or compliance process.
Apply for Your California Motor Vehicle Fuel Broker Bond Today
Our team makes the bonding process fast and straightforward, so you can focus on growing your fuel brokerage operations. Apply today to get your motor vehicle fuel broker bond with ease.