Registration Issuance bond cost
The Connecticut Department of Motor Vehicles’ Dealers and Repairers Division requires motor vehicle dealers and marine dealers who issue registration certificates to post surety bonds in varying amounts. Applicants must verify their required bond amount with the state prior to bonding.
Because the required amount and, therefore, price of this bond can fluctuate so much, our experts recommend submitting a bond request to find out exactly how much you’ll pay for your Connecticut surety bond. We make the bonding process fast and easy!
Why this bond
By posting a registration issuance bond in Connecticut, principals (registration issuers) pledge to full comply with the regulations of the Commissioner of Motor Vehicles pertaining to the remittance of Motor Vehicle Registration fees.
These bonds protect the state from any monetary loss up the full bond amount if the principal fails to remit any fees collected for the issuance of motor vehicle registrations. The principal must reimburse the surety for all damages paid out.
Registration Issuance bond details
Connecticut registration issuance surety bonds can be terminated by the surety if the surety gives written notice of termination via registered or certified mail to the Commissioner of Motor Vehicles at least 30 days prior to the effective termination date. Applicants must specify if they are a motor vehicle dealer or a marine dealer.
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