As an auto dealer, you need a Business Partnership Automation Bond (BPA) if you electronically file registration or title information through the BPA program with the Department of Motor Vehicles (DMV).
Dealer Protection Group (DPG) can help you obtain this bond, and understand the specific requirements involved. This bond serves to protect officers of the DMV from any person that suffers a loss due to a failure of the business partner (your dealership) to execute the documents correctly. For example, someone purchases a new car from you. As a BPA, you’re selected to record the transaction with the DMV but for some reason fail to do so. Your client can file a claim under your BPA Surety Bond.
There are different lines available for business partners, and the Surety Bond requirement decreases according to the tasks business partners are permitted to undertake. We’ll go over this with you.
We got your bond requirements covered.
Call DPG at 949.208.8550 to discuss how we can help you with BPA Bonds.