Wisconsin Electronic Title and/or Registration Processing Bond Guide
If you’re applying to become an electronic title or registration processor in Wisconsin, you’ll need to file a surety bond. Learn how the bonding process works with this quick guide.
Bond Overview
- Purpose: To protect the state and consumers if a processor causes financial harm
- Who Needs It: Dealerships and independent companies that process electronic titles and registrations
- Regulating Body: The Department of Transportation, Division of Motor Vehicles
- Required Coverage: Typically $10,000–$25,000, varies based on DMV requirements
- Premium Rate: Starts at 1% of the bond amount, credit-based
What Is a Wisconsin Electronic Title and/or Registration Processing Bond?
A Wisconsin electronic title and/or registration processing bond is required by the Department of Transportation (DOT) for anyone that electronically processes vehicle titles and registrations.
This type of surety bond creates a financial guarantee that the business or dealer will adhere to state regulations and uphold all obligations.
How Much Do Electronic Title and/or Registration Processing Bonds Cost in Wisconsin?
Most electronic vehicle title and registration processors need a $25,000 continuous bond. However, the required amount varies depending on DMV requirements.
With good credit, prices start as low as 1% of the bond amount. For example, $25,000 electronic title and registration processing bonds start at $250.
Your exact rate will vary depending on your personal credit score. Apply for a free, no-obligation quote now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does an Electronic Title Processing Bond Work?
This bond creates a legally-binding agreement between the following three parties:
- Principal: The processor filing the bond
- Obligee: The Wisconsin DOT, Division of Motor Vehicle requiring the bond
- Surety: The provider issuing the bond
The surety bond indemnifies the DMV from any losses or damages due to the actions of an electronic title and/or registration processing agent.
Who Needs an Electronic Title or Registration Processing Bond?
Any company or individual entering a contract with the Wisconsin Division of Motor Vehicles to be a Delegated Office to process electronic title and/or registration transactions must file a surety bond.
This includes dealerships, title companies and other entities that provide titling and registration services for vehicles in Wisconsin.
The DMV will determine the bond coverage you need based on processing volume. This amount will be used to cover any potential claims within the 12-month bond period.
How Do I Get an Electronic Title and/or Registration Processing Bond in Wisconsin?
To get your Wisconsin electronic title or registration processing bond, start by submitting an online quote request.
You’ll receive your free quote within one business day or less. Then, you can purchase your bond online 24/7 or call to speak with a surety expert. We’ll mail your official bond documentation via FedEx.
Submit the signed bond form with the Power of Attorney attached to the Department of Transportation, Dealers Section, P.O. Box 7909, Madison, WI, 53707-7909.
Can I Get Bonded With Bad Credit?
Yes, you can likely still get bonded even with bad credit. With our Bad Credit Bonding Program, we work with a variety of markets to approve 99% of applicants for most bonds.
How Do I Renew My Electronic Title and/or Registration Processing Bond?
Electronic title and registration bonds last for one year. This bond remains active until cancelled. As long as you pay your annual premium and avoid bond claims, your policy should remain active.
Note: The bond coverage resets as a new and separate obligation each 12-month period.
You or the surety provider may cancel the bond by providing 60-day’s written notice to the Wisconsin Department of Transportation.
How to Become a Title/Registration Processing Agent in Wisconsin
You can apply to become an electronic title/registration processing vendor through the eMV PARTNER site.
This is required for independent agents working on behalf of another Wisconsin business as well as any Wisconsin auto dealer that processes more than 49 title or registration transactions per year.
