A Michigan Information Purchaser’s Bond is a type of surety bond required by the Michigan Motor Vehicle Department of State for anyone who wants to purchase certain types of personal information from the Department of State. The bond amount is $25,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.
How to get a Michigan Information Purchaser’s 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 Michigan Information Purchaser’s 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 to be a purchaser.
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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How to be a Michigan Information Purchaser
Here’s what you need to do to become a Michigan Information Purchaser:
- Obtain a Michigan Information Purchaser’s Bond:
- This is the first and most crucial step. You’ll need a surety bond of $25,000 from a licensed surety company like Surety1.com.
- Prepare Required Documents:
- Compile the following documents:
- A letter explaining why you need access to the information and the specific type of records (driver, vehicle, etc.) you require.
- A signed agreement outlining the terms and conditions under which you’ll use the information (compliant with Driver Privacy Protection Laws).
- A “System Access Request” form for each person who will be authorized to access the system.
- A document outlining your business purpose and how it complies with Driver Privacy Protection Laws.
- Compile the following documents:
- Contact the Michigan Department of State:
- The Michigan Department of State oversees the Direct Access program for information purchasers. You can likely find the necessary forms and application instructions on their website.
Additional Tips:
- Ensure your business purpose aligns with permissible uses as defined by Michigan’s Driver Privacy Protection Laws.
- Consider reaching out to the Michigan Department of State for any clarifications or specific instructions on their application process.
The information provided above is for general informational purposes only and does not constitute legal advice. Do not rely solely on the information presented here as a substitute for professional legal counsel.
For information on Michigan Motor Vehicle Dealer Bonds, click here.
How to Get Your Michigan Information Purchaser’s 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.