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California Business Partner Automation Bond

Business which participate in California’s BPA program as First-Line Business Partners or First-Line Service providers are required to obtain a California business partner automation bond in the amount of $650,000 or $1,000,000 respectively. Approval is offered at 1%. Please call AmeriPro Surety Bonds at 844-589-9732.

California Business Partner Automation Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

California’s Business Partner Automation Program

 

 

 

Individual, private businesses, through California’s BPA, Business Partner Automation program, are able to transact many DMV-related matters which have historically been performed by the California DMV.

This program allows the DMV to expand locations for many DMV-related services, thereby lessening the long wait periods for California residents; and, it affords the state a means of obtaining another avenue of revenue.

Such registration services businesses require a $25,000 surety bond, which is offered by our agency.

 

 

 

BPA Surety Bond – Amount

 

 

 

The BPA is further divided into “First-Line Business Partners” and “First-Line Service Providers”. The definition of each of these terms is found on the California DMV, BPA Division website.

In a nutshell, First-Line Business Partners are processing titling and registrations for their own business needs; and First-Line Service Providers are the vehicle through which DMV registration services (Second-Line Business Partners) complete their transactions.

The surety bond amount required is $650,000 for First-Line Business Partners; and $1,000,000 for First-Line Service Providers.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the California business partner automation surety bond includes a surety bond application; a detailed underwriter review; and a credit check inquiry.

Because both of these bonds’ large size, presenting financial statements (it will be particularly helpful if the statements are audited by a CPA), and other financial information, would be standard procedure for underwriting.

Approval for either the $650,000 or $1,000,000 surety bond amounts is predicated on excellent credit; and the approval rate is 1%, $6500 or $10,000, respectively.

Once your surety bond is approved, paid for, and issued, you’ll file all of the original surety bond documents provided to:

State of California DOR – Reg Ops Division

BPA Program Administrator

2415 First Avenue. M/S C383

Sacramento, CA 95818

 

 

 

Premium Prepayment Options

 

 

 

The premium for either of these surety bonds renews annually.

And so, candidates for the First-Line Business Partner or First-Line Service Provider have the option to prepay the premium up to 3 years, which offers a savings over annual renewals.

The premium prepayment options – and savings — are as follows:

$650,000 First-Line Business Provider

  • If prepaid for 2 years, the premium is $11,700, a $1300 savings;
  • If prepaid for 3 years, the premium is $16,900, a $2600 savings.

$1,000,000 First-Line Business Service Provider

  • If prepaid for 2 years, the premium is $18,000, a $2000 savings;
  • If prepaid for 3 years, the premium is $26,000, a $4000 savings.

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

The BPA surety bond protects the California DMV from any harm which is caused by unlawful or fraudulent usage of the licensing associated with registration, titling, and other usages permitted by the BPA-program.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in California.

We also provide surety bonds in all 50 states, and Washington D.C.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

 

Apply Today!

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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