California Business Partner Automation Bond
CA Business Partner Automation Bonds (BPA surety bonds) are required by the CA Department of Motor Vehicles (CA DMV) for those wishing to enter into contracts with qualified private industry partners for the purpose of processing California vehicle registrations and titling transactions. This CA BPA Bond is required in accordance with the California Vehicle Code Section 1685 to process vehicle related transactions. Business Partners are authorized to issue validated registration cards, registration stickers and automobile and commercial vehicle license plates within California.
The CA BPA Bond amount (penalty) varies, depending upon the type of business partner, and must be remitted on the CA State prescribed Form REG 666, from a surety company that is authorized to do business in the State of California. The CA BPA Bond amount ranges from $10,000 to $1,000,000, with a $50,000 amount the most frequently required.
NFP Surety provides the CA Business Partner Automation Surety Bond at a very affordable rate as low as $500.00 annually and can usually be provided the same day we receive your request.
For more information and history on the California Business Partner Automation Bond or the program itself, you may wish to visit http://dmv.ca.gov/otherser/bpa/bpa.htm.
Feel free to call us with any questions you may have. Our phone number is (800) 863-3210.