Connecticut Electronic Registration Issuance Bond Guide
If you’re applying to open a motor vehicle registration and title company in Connecticut, you'll need to file these surety bonds.
Bond Overview
- Purpose: To provide financial security for the state and title company clients
- Who Needs It: Vehicle registration and title companies in Connecticut
- Regulating Body: The Connecticut Department of Motor Vehicles
- Required Coverage: $5,000 and $20,000
- Premium Rate: $100 for the $5,000 bond, starts at $200 for the $20,000 bonds
Learn all about the bond requirements and process in this guide.
What Is a Connecticut Electronic Registration Issuance Bond?
A Connecticut electronic title and registration issuance bond provides financial security for the state and title company clients if a company breaks state regulations.
The Connecticut Department of Motor Vehicles (DMV) requires these bonds for third-party companies that provide vehicle registration and titling transactions to clients on behalf of the DMV.
How Much Do Electronic Registration Issuance Bonds Cost?
Your bond premiums will vary based on your personal credit score and/or the specific bond amount as outlined below:
- $5,000 registration and title fees bond: $100 flat rate
- $20,000 market place issuance bond: credit-based, starting at $200
- $20,000 customer indemnity bond: credit-based, starting at $200
Companies typically need all three bond forms for state licensing. Click below to buy or apply for your bonds in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bonds?
SuretyBonds.com provides the fastest and easiest way to get Connecticut electronic title and registration issuance bonds. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quotes within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the 3 bonds online 24/7
We’ll mail you the bonds via your preferred shipping method. Be sure to file them with the DMV as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Do Connecticut Electronic Registration Issuance Bonds Work?
All electronic title and registration issuance bonds create a legal contract between these three parties:
- Principal: You, the vehicle registration and little company filing the bond
- Obligee: The Connecticut Department of Motor Vehicles requiring the bond
- Surety: The provider issuing the bond
Together, the three bonds hold you financially responsible for upholding the provisions of Connecticut General Statutes Section 14-15.
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 electronic title and registration issuance bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.