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How much does a Connecticut registration issuance bond cost?
Connecticut registration issuance bonds cost $100 for the state-required 1-year term. The required bond amount for marine dealers is $1,500, and the required bond amount for motor vehicle dealers is $5,000. The annual bond premium is $100 regardless of the license type/bond amount needed.
How do you get your Connecticut motor vehicle registration issuance bond?
You can purchase your Connecticut registration issuance bond online 24/7. You'll need to provide your dealership name and license type for Department of Motor Vehicles approval. Once your order has been processed, you'll receive a digital copy of your bond by email, and your official documentation will be shipped to your preferred mailing address.
How fast can I get a registration bond?
Our industry-leading technology and responsive customer service team allow us to deliver your official Connecticut vehicle registration issuance bond faster than any other surety provider. The DMV requires these bonds be physically issued and delivered to you. Orders placed by 4 PM CST Monday-Friday are typically shipped same-day. If you're in a rush, choose overnight shipping during checkout.
How does a Connecticut motor vehicle registration issuance bond work?
By filing a motor vehicle registration issuance surety bond, dealers agree to issue motor vehicle registration and remit fees to the state according to Connecticut law. The bond provides financial protection for any monetary loss suffered by the state if a dealer or dealership fails to remit fees collected on behalf of the the Commissioner of Motor Vehicles when issuing vehicle registrations. The issuing surety company will pay valid claims up to the full bond amount, which the bonded dealer must then reimburse.
Why is the Connecticut motor vehicle registration issuance bond required?
Individuals must file a separate Connecticut motor vehicle surety bond before being licensed to sell, repair, or lease vehicles in the state. A Connecticut motor vehicle registration issuance surety bond is required in addition to the dealer bond if your dealership will issue vehicle registration.
This Connecticut surety bond is required for dealerships that issue registration for vehicles. If you're trying to register an individual vehicle with a missing title, you need a Connecticut certificate of title bond.
Who regulates motor vehicle dealer registration requirements?
The Connecticut Department of Motor Vehicles enforces regulations for dealer licensees in the state. If you're unsure if you need this registration surety bond or have other questions about your dealer license, the DMV advises you email [email protected] or call 1 (860) 263-5405.
How do I update or change my surety bond form?
If the Department of Motor Vehicles requires your surety bond documentation to be updated for any reason, contact your surety provider. If you purchased your registration issuance bond from SuretyBonds.com, email our customer service team at [email protected] to explain the needed change.
The most common change requested is updating the dealership's name.
How do I renew my dealer registration bond?
You should renew your registration issuance surety bond before its current 1-year-term expires. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be emailed to you to keep your bond active and in good standing with the DMV.