An Arizona Electronic Records Access Bond (Arizona MVR Bond) is a type surety bond required by the Arizona Department of Transportation (ADOT) for organizations that purchase electronic motor vehicle records (MVRs) from the Motor Vehicle Division (MVD). The bond ensures that the organization will faithfully and promptly discharge its obligations for payment to the MVD for certain motor vehicle records.
The bond amount is $2,500 for organizations that purchase up to 1,000 MVRS per month, and $5,000 for organizations that purchase more than 1,000 MVRS per month. The cost of the bond is usually the minimum premium and fees of $150.
How to Get an Arizona Electronic Records Access Bond (Arizona MVR Bond)
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Arizona Electronic Records Access Bond (Arizona MVR Bond) will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.
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What is the purpose of the Surety Bond?
For those people who would like to purchase electronically transmitted motor vehicle records as specified in the Arizona Revised Statutes Title 28, Chapter 2, Article 5 , you should first get a surety bond in order to be allowed to purchase.
This bond is not to protect you, but instead, it assures the state that you will faithfully comply with your obligations to make the monthly payment for the electronic records. If you fail to comply with the rules and regulations set by the state, the surety company will payout and then you will pay it all back to the company.
Make sure that you are getting a surety company that is licensed to operate their business in Arizona. There is no set amount for the surety bond, as it varies depending on the situation of the one who is applying for the access to the electronic records.
How to Get Your Arizona Electronic Records Access Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.