Registration Service Bonds
A registration service bond is a state-required surety bond for professionals who assist consumers with motor vehicle registration, title transfers, license plate processing, and related Department of Motor Vehicles (DMV) transactions.
State DMVs or equivalent motor vehicle agencies require this bond to ensure registration services operate lawfully and to protect the public from financial loss caused by errors, negligence, or misconduct.
We offer the following Registration Service Bonds:
Filter Bonds
Registration Service Bond Cost
The cost of a registration service bond depends on the bond amount set by the state and your business’s credit profile. Most registration service bonds are issued at low annual premiums, usually a small percentage of the bond amount.
Common Types of Registration Service Bonds
Registration service bonds fall under a broader category of license and permit bonds. The exact DMV bond you need depends on your state and the services you provide.
Major bond types include:
- Vehicle Registration/Title Service Bond: Required for businesses that process vehicle registrations, renewals, and related DMV filings on behalf of consumers.
- Auto Tag Agency Bond: Required for agencies that issue or facilitate license plates, decals, and registration credentials.
- DMV Service Provider Bond: Required for third-party providers authorized to interact with the DMV for consumer transactions.
How Registration Service Bonds Work
Registration service bonds are a three-party agreement that guarantees compliance with state laws:
- Principal: The registration service provider (you)
- Obligee: The state DMV or motor vehicle authority requiring the bond
- Surety: The bonding company that issues and backs the bond
A party that has experienced financial loss due to the misuse of their funds, fraudulent documents, or failure to remit taxes may file a claim against the bond to recoup the loss up to the principal’s bond amount policy.
The surety investigates the claim and, if valid, compensates the claimant. The principal is then required to reimburse the surety for any amount paid.
How to Get a Registration Service Bond
Getting bonded is fast and straightforward. Here are the steps to get your bond:
- Confirm state requirements: Identify the exact bond type and amount required by your state DMV.
- Apply for a quote: Complete a short online application with your business details.
- Purchase and file the bond: Receive your bond and submit it to the appropriate licensing authority.
Many states require the bond to be on file before your registration service license can be issued or renewed.
Get Your Registration Service Bond Today
NNA Surety provides affordable registration service bonds for DMV service providers nationwide. Our streamlined application process helps you meet state licensing requirements quickly so you can focus on serving your customers.
Apply online or speak with our surety bond specialists to get your registration service bond today.
The Simple Bonding Process
