Required by each state the driving school is located in, this type of surety bond can be known by several different terms such as a driver education or improvement bond. The surety bond guarantees the driving school will conduct ethical and legal business with their clients while following all state, county, and city rules. States and cities usually require this bond. A driving school cannot acquire or maintain a business license without filing and maintaining a surety bond. The driving school cannot legally operate without a surety bond or a business license. There is no set bond amount since it varies by state and needs to cover each driving school location.
The driving school surety bond ensures the student’s tuition will not be misused or that there will not be any fraudulent behavior from the driving school. A bonded driving school expresses to clients that the school can be trusted to deliver promised services.
Listed are some of the bond amounts for each state. Information will be listed as state, bond name, bond amount, obligee:
California– Driver Education Bond-$10,000- State of California
Colorado– Driver Education School Bond- $25,000- The State of Colorado Department of revenue
Florida– Driver License Testing Bond- $50,000- Department Of Highway Safety & Motor– Division of Motor Vehicles
Georgia– Driver Improvement Bond- $10,000- Georgia Department of Motor Vehicles
Illinois– Driver School Bond- $50,000- Secretary of State
Texas– Driveway Bond- $2,000- City of Houston
It is a good idea to double check with the state on the required bond amount since the amount could change at any time.