Alaska DMV DPP Contractor Bond Guide
If you’re applying for a DMV Document Processing Program contract in Alaska, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure proper vehicle title and registration transactions
- Who Needs It: Contractors participating in the DMV Document Processing Program
- Regulating Body: The Alaska Division of Motor Vehicles
- Required Coverage: $100,000
- Premium Rate: $765–$10,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Alaska DMV Document Processing Program (DPP) Contractor Bond?
An Alaska DMV Document Processing Program contractor bond protects the state and clients from fraudulent or improper title and registration document transactions.
The Alaska Division of Motor Vehicles requires this bond as part of the licensing process for anyone wishing to become a Document Processing Program contractor.
How Much Do Document Processing Program Contractor Bonds Cost?
Alaska DMV Document Processing Program contractor bonds cost a small percentage of the coverage amount, typically $765–$10,000.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Alaska DPP contractor bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the DMV as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Alaska DMV Document Processing Program Bond Work?
A DMV Document Processing Program contractor bond creates a legal contract between these three parties:
- Principal: You, the title and registration processing contractor filing the bond
- Obligee: The Alaska Division of Motor Vehicles requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Alaska Statute 28.05.021.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your DMV Document Processing Program contractor bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.