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How much does an information commercial requester bond cost in California?
The California Department of Motor Vehicles requires commercial information requesters to post $50,000 surety bonds prior to conducting business.
These bonds are subject to underwriting consideration, so the price you’ll pay depends on a review of your personal credit report. Don’t let bad credit stop you from purchasing the surety bond you need! The experts at SuretyBonds.com can help. Apply for your free bond quote now!
Call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form and one of our surety experts will personally walk you through our clear-cut bonding process.
Why do I need this bond?
By posting a California information requester surety bond, principals (information requesters) pledge to conduct business in compliance with the provisions of the following laws:
- Article 3 of Chapter 1 of Division 2 of the Vehicle Code
- Chapter 2 of Part 2 of Title 14 of the Code of Civil Procedure
- Rules and Regulations of Article 5 of Chapter 1 of Division 1 of Title 13 of the Code of Regulations
Specifically, these bonds ensure that the principal pays all sums due for application fees and costs related to the release or access of information from DMV records to the DMV promptly and in full. If the principal fails to comply with these terms, the bond protects the DMV, its officers and any other person from financial loss resulting from the principal’s violation(s) up to the full amount of the bond. The principal must reimburse the surety for all damages paid out.
We can provide your free, no-obligation bond quote within 1 business day of submitting your application. Get started now!
What’s the fine print?
Information requester bonds in California are continuous and remain in full force and effect. They run concurrently with the period for which the commercial requester account is authorized by the department.
The surety can cancel this bond in accordance with the provisions of Article 13, Sections 996.310 of Chapter 2 of Title 14 of the California Code of Civil Procedure. The principal can cancel the bond by providing written notice of cancellation to the Department of Motor Vehicles at least 30 days prior to the effective cancellation date.
How to become a commercial information requester in California
Anyone wishing to obtain information from the California DMV must first establish a commercial requester account with the department. Applicants must have a legitimate business need for the information, submit completed application forms and include the required application fee. The following are required for a commercial requester account:
- Application Commercial Requester Account form
- Commercial Requester Account Agreement form
- $50 fee (non-resident address), $250 fee (resident address)
- $50,000 surety bond
Requester accounts expire after 2 years. At that point, the account must be renewed by the individual or extended by the DMV.