What is a California Vehicle Verifier Bond?
The California Department of Motor Vehicles (DMV) requires all vehicle verifiers in the state to be licensed and bonded with a $5,000 California vehicle verifier bond.
Who Needs a California Vehicle Verifier Bond?
Vehicle verifiers are responsible for inspecting, recording, documenting, and submitting proof of vehicle identification to the DMV, as required for the purpose of registering or transferring ownerships of a vehicle. In order to operate as a vehicle verifier in the state, the individual or company is first required to post a $5,000 bond.
Why Do I Need a California Vehicle Verifier Bond?
The DMV relies on the accuracy of the information provided by vehicle verifiers, and the California vehicle verifier bond is designed to ensure that the companies conduct business according to the law and the regulations set by the DMV.
If the principal violates these laws or the terms of the surety agreement, any harmed parties (either individuals or the state) are able to make a claim against the vehicle verifier bond. Once finalized, the principal is responsible for reimbursing the surety for any damages paid or associated legal costs.
How Much Does a California Vehicle Verifier Bond Cost?
A California vehicle verifier bond can often be purchased without a credit check. Rates may be as low as $100 for the bond.
Get Started Today!
In order to operate as a vehicle verifier, you must first purchase a California vehicle verifier bond. Don’t delay your application.