Get An Instant Quote on California Motor Vehicle Verifier $5,000 Bond Now
California Motor Vehicle Verifier $5,000 Bond
In compliance with the provisions of Section 11301 of the California Vehicle Code, the State of California Department of Motor Vehicles Licensing Operations Division Occupational Licensing Branch requires a California Motor Vehicle Verifier Bond. The surety bond guarantees that the vehicle verifier or inspector will not cause any financial harm to the state of California as a consequence of engaging in unethical business activity while operating under the Vehicle Verifier permit.
Incorrect verification of an engine, vehicle verification number, or hull identification number might result in financial damages for third parties, which are covered by the bond. The duration of the California Motor Vehicle Verifier Bond is not limited and will continue to cover succeeding licensing and permit periods until it is canceled.
The term vehicle verifier refers to someone who, for the purposes of registering automobiles or transferring ownership of them, inspects, records, documents, and submits relevant information to the California Department of Motor automobiles (DMV). When applying for a license with the Department of Motor Vehicles (DMV), vehicle verifiers are required to provide a California Motor Vehicle Verifier Bond in the amount of $5,000.
These DMV surety bonds ensure that the vehicle verifier or inspector will not cause any financial harm to the state of California as a result of participating in unethical commercial activity while operating under the vehicle verifier permit. This might occur if the verifier or inspector violates the state’s code of ethics in the course of their work.
Incorrect verification of an engine, vehicle verification number, or hull identification number has the potential to result in financial losses for third parties, which are protected by the California Motor Vehicle Verifier Bond. There is no time restriction on the term of the surety bond, and it will continue to cover subsequent licensing and permit periods until it is finally canceled.
In addition to the bond, a non-refundable application fee of $50 and an OL-29 personal history questionnaire are also necessary requirements. The surety retains the authority to revoke the bond in accordance with the provisions of Article 13, Chapter 2, Title 14, Part 2 of the Code of Civil Procedure.
Obtaining a California Motor Vehicle Verifier Bond
Your California Motor Vehicle Verifier Bond may be purchased online at any time. For the Department of Motor Vehicles filing approval, all you need to do is choose the bond period that best suits your needs and submit the name and service address of your vehicle verifier.
After your payment has been received, an electronic copy of your California Motor Vehicle Verifier Bond will be sent to you immediately after it has been generated. Your physical paperwork will be sent using the delivery option that you choose as your first choice. The California Motor Vehicle Verifier Bond is a one-year commitment that costs $100.
Purpose
Individuals are required to provide a surety bond in the amount of $5,000 together with their application for a state vehicle verifier license, as per Section 11301 of the California Vehicle Code. The formal name of state form OL 26 is the Vehicle Verifier Surety Bond, and its primary function is to safeguard the state of California as well as individual customers from financial damages that may be incurred as a consequence of vehicle verifiers who improperly verify an engine, vehicle verification number, or hull identification number.
Licensed vehicle verifiers in California are required to maintain compliance with the California Vehicle Code as a condition of their bonding. If the person who is operating with a vehicle verifier’s permit fails to do so, the surety business that issued the permit will pay legitimate claims to damaged parties up to the entire bond value of $5,000, provided that the claim meets the requirements of the bond. The person who has a bonded vehicle verifier license in California is then obligated to pay back their surety firm in full for any and all claims that were settled.