California Auto Information Services Bond
We provide fast service, fast approval, and a low bond premium!
What is a California Auto Information Services Bond?
It’s a financial guarantee provided by the bond applicant to the California Department of Motor Vehicles.
You’ll be required to get this bond in order to obtain a commercial requester account. A commercial requester account will allow you to solicit important information from the California Department of Motor Vehicles to be used for your business.
One of this bond’s conditions is the full compliance of the applicant to the relevant statutes, ordinances, rules, and regulations especially the provisions of Section 1018.2 of the California Vehicle Code and Chapter 2, Title 14, Part 2 of the Code of Civil Procedure.
Another condition is the indemnification of the Obligee if any of the following violations is committed by the applicant:
- Use false or misleading ways to acquire information from the California DMV.
- Use the information acquired for any purpose that’s different from the one specified in the application for a Commercial Requester Account.
- Sell or provide the information obtained to any third party not authorized and approved by the California DMV.
This requirement is line with Section 1810-2 of the California Vehicle Code.
How does a California Auto Information Services Bond work?
A bond is an agreement among three parties: Principal, Obligee, and the Surety.
The Principal’s (commercial requester account applicant) duty is to comply with all the pre-determined conditions stated in the bond. If the Principal commits any act that is against those conditions or omits any of the conditions required, then an action will be taken against this bond.
The Obligee (People of the State of California) is the party to whom this bond is furnished. The Obligee is the party who will be eligible to file a claim against the bond.
If a claim occurs, the Principal is expected to take care of it. If the Principal cannot do that, the Surety will settle it on the Principal’s behalf. The Principal will have to indemnify the Surety once the payment has been paid.
How much does a California Auto Information Services Bond cost?
The bond cost will start at 1% of the bond amount for those who have excellent credit scores. The bond cost will go higher as the credit score of the applicant decreases.
The bond amount is $50,000.
Claim your FREE SURETY BOND QUOTE HERE!
How can I get a California Auto Information Services Bond?
STEP 1: APPLY HERE!!
We will immediately process your application once we’ve received it. We will inform you about the important documents that you need to submit for the next step, which is the underwriting process.
STEP 2: An underwriter will take a thorough look at the following:
- Your financial strength
- Your job performance history
- Your credit score
STEP 3: After the underwriting process has been fulfilled, we will issue your surety bond and send it to you immediately!
Easy approval! APPLY NOW!