Registration Service Surety Bond

Get a Free Bond Quote!

Apply Online Get a Free Quote Buy Your Bond
Insurance brokers representing clients can apply here.
Powered by
  • Lowest rates
  • Apply securely online
  • Get approved in minutes
  • Receive your bond within 1-2 business days

Watch our video

How Do I Get Bonded?

Registration Service Surety Bonds Explained

Registration service surety bonds are required by some state governments to ensure that registration service providers comply with applicable state laws when registering vehicles on behalf of third parties. That includes filing all paperwork properly, paying applicable fees, and submitting truthful statements to the DMV, among others.

If the registration service provider breaks the law, the DMV or an affected client can seek compensation through a bond claim. Since surety bonds are backed by bonding companies, affected third parties can usually expect quick recourse if they have become victims of fraud.

Start your surety bond application. 100% money-back guarantee!

Keep reading for an explanation of bonding costs and more information on how to submit your application. Want to ask another question? Our surety agents will gladly help you at (877)-514-5146.

Questions about Registration Service Surety Bond

What’s the cost of a registration service surety bond?

Each surety bond has a total value, or a penal sum, which determines the maximum protection the bond offers to claimants. In the case of California, where this bond is most frequently required, the amount is $25,000.

When applying to get bonded, an applicant’s credit score is the first and most important item considered. Applicants with a high credit score typically pay low premiums: between 1% and 3%. Those with scores lower than 650 may see their premium go as high as 10%.

Your credit score is important because sureties use it to estimate how likely it is that you will trigger a claim. It’s a way for them to estimate their own risk when underwriting the bond. However, during the underwriting process, sureties are usually willing to consider additional information and reduce your premium. Thus, if you have strong financials, liquid assets or experience in the industry, you can submit additional paperwork to obtain a lower premium.

For more information, visit our page on surety bond costs.

What if I have bad credit?

Getting bonded with bad credit is possible for 99% of applicants. A low credit score makes you a high-risk applicant, thus the higher premium, but it will not be an obstacle to getting bonded. In most cases, we don’t require a co-signer, nor will you have to post collateral.

Keep in mind, however, that other items in your credit report can also be considered and they will further influence the price of the registration service surety bond.

If an applicant is going through a bankruptcy, or is late on child support payments, those are usually the instances when their surety bond application will get rejected.

How do I apply to get a registration service surety bond?

The first step towards applying for your bond is submitting our online application. Once we receive your application, we’ll contact you with your free bond quote. If you proceed with the application, you will need to provide ownership information and sign an indemnity agreement with the surety.

One of our agents will work closely with you to answer your questions, and help you with filling out the necessary paperwork. Under normal circumstances, our turnaround is very quick, so you can expect your bond to be ready within two business days.

Start your surety bond application. 100% money-back guarantee!

How are bond claims handled?

It’s important to understand state laws that apply to your registration service company. Otherwise, you might end up breaking the law and being liable for a claim. For example, in California, the bond language requires registration service providers to comply with Chapter 2, Title 14, Part 2 of the Code of Civil Procedure as well as Chapter 2.5, Division 5 of the Vehicle Code.

If you’re notified of a claim, you’ll be given a timeframe within which you must pay it. Failing to pay for a valid claim will mean the surety has to reimburse the claimant. If this happens, the surety will sue you for reimbursement later.

Having a history of claims may make it impossible for you to get bonded in the future, so it’s best to avoid them completely. Inform yourself about the laws that apply to your business, and make sure to follow them.

If you still have questions about the bonding process for registration service providers, don’t hesitate to call us at (877)-514-5146. We’re looking forward to your call!

START YOUR APPLICATION It's FREE. No Obligations. Approval in Minutes.

About Us

Lance Surety Bonds
Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more

Still Have Questions? Check Our FAQ Pages

What Our Clients Have To Say?

  • Kimberlee Ables
    Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
  • Andrew Poincot
    Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
  • Margie Martinez
    We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

As Featured In