Participation as a private business in Massachuetts’ EVR program allows you to:
As a prerequisite for licensing, EVR registrant participants are required to obtain a surety bond.
The Massachusetts electronic vehicle registration bond is a $10,000 surety bond required of dealers as a condition of licensing.
Applying for the Massachusetts EVR bond is easy.
After the completion of an application, the surety bond can be issued to you immediately. There is no credit check involved.
The bond will typically cost you about $100 annually. Options may exist to prepay your electronic vehicle registration bond for up to 3 years, thereby offering you a savings over a year to year renewal.
At its discretion, and within the bond wording itself, the amount of surety bond may be increased by the Massachusetts Registry of Motor Vehicles, if your receipt total varies substantially from any two day period.
The Purpose of the Massachusetts electronic vehicle registration bond is to serve as a financial guarantee which ensures your compliance with all rules, regulations, amendments, and additions involved in conducting vehicle registration within the Commonwealth.
While this surety bond is required of you, it is not an insurance policy; its protections are for the benefit of consumers who are harmed by the failure of a licensee to comply with the law, and which in turn, causes harm.
As principal of this surety bond, in the event that any claim were paid against your bond, you must reimburse the surety for all costs and fees.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide license and permit, contractor, court, and fiduciary surety bonds throughout Massachusetts.
Our agency also provides surety bonds nationwide. Please call us today at:
Or, you may complete the form below and an agent will contact you….