Utah Motor Vehicle Data Acquisition Bond Guide
If you’re purchasing vehicle title and registration information in Utah, you’ll likely need this surety bond.
Bond Overview
- Purpose: To protect the state from financial loss due to stolen or lost data
- Who Needs It: Anyone purchasing vehicle title and registration information in Utah
- Regulating Body: The Utah State Tax Commission
- Required Coverage: $50,000
- Premium Rate: $500–$5,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Utah Motor Vehicle Data Acquisition Bond?
The Utah State Tax Commission requires this bond as part of the licensing process for companies that purchase title and registration information.
A Utah motor vehicle data acquisition bond can reimburse the state for any damages or lost revenue due to stolen, lost or unaccounted-for data.
How Much Do Motor Vehicle Data Acquisition Bonds Cost?
Utah motor vehicle data acquisition bonds cost a small percentage of the $50,000 coverage amount, typically $500–$5,000.
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 a Utah motor vehicle data acquisition 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 email you the bond shortly after purchase. Be sure to file it with the Commission as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Utah Motor Vehicle Data Acquisition Bond Work?
A motor vehicle data acquisition bond creates a legal contract between these three parties:
- Principal: You, the company owner(s) filing the bond
- Obligee: The Utah State Tax Commission requiring the bond
- Surety: The provider issuing the bond
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 motor vehicle data acquisition bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.