The Arizona Title Service Surety Bond is required for Authorized Third Parties (ATPs) of the Arizona Motor Vehicle Division. The bond is required to help ensure that Title Service company responds to damages to any person who suffers a loss due to non-payment by the title service company of a title, registration, or other related fee or tax paid to the bond holder. The bond also protects clients of the company from insolvency, discontinuance of business, or any unlawful act by the title service company.
ATPs that handle title and registration are private companies granted access to the MVD Title and Registration Database to issue license plates, registrations, tabs, titles and various permits. Most are open to the public and offer extended hours. Some third parties conduct transactions for their internal fleets only.
Why is there a need for an Arizona Title Service Surety Bond?
The Arizona Title Service Surety Bond is for the protection of the public, not you. The state of Arizona wants to make sure that if there is anyone who will suffer from financial loss because of your business, they will be fully compensated. The payout will come from the surety company, but you, as the principal, will still have to pay the company back in full.
Where can I get an Arizona Title Service Surety Bond?
Surety Solutions Insurance Services, Inc has made the process to get a surety bond easy and simple. You can even get your bond approved within the day! All you need to do is fill out our online application form. Within one business day, one of our licensed agents will contact you with a quote for your bond. Once you make the payment and sign some paperwork, you can receive your Arizona Title Service Surety Bond via USPS priority mail, or you may choose overnight delivery for an additional fee.
Surety1 has been issuing Arizona surety bonds since 2003, and is rated A+ by Better Business Bureau.