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What is a California Motor Vehicle Fuel Distributor Bond?
The law must be followed by every motor vehicle fuel distributor in California. The bond is required for financial security and submitted to the State Board of Equalization along with other license requirements as stated in the California Motor Vehicle Fuel License Tax Law.
A surety bond is a way for licensees to assure the state that they will pay their taxes on time and in full. To do so, each licensee needs to make an initial payment of three times what they think their average monthly tax liability will be- which is equivalent to one year's worth of estimated taxes!
In the event that a licensee fails to make their payments, you as an obligee will be able to file for your payment including penalties and interest.
Swiftbonds is a company that provides bonds to people in need of them.
We provide bonds for many different purposes, including Motor Vehicle Fuel Distributor and more. If you're interested in a bond, we can help!
We want to make sure you get the best service possible when it comes to your bond needs. That's why we offer competitive rates and fast turnaround times on all our services. Give us a call today!
Give us a call at (913) 214-8344 or fill out our contact form online now!
Why is the California Motor Vehicle Fuel Distributor Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Get a California Traffic Violator School (TVS) Owner $2,000 Bond.
How does a California Motor Vehicle Fuel Distributor Bond work?
Getting a California Motor Vehicle Fuel Distributor Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Find a California Motor Vehicle Verifier $5,000 Bond.
How much does a California Motor Vehicle Fuel Distributor Bond cost?
California Motor Vehicle Fuel Distributor Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a California Motor Vehicle Fuel Distributor Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. See a California Motor Vehicle Lessor-Retailer $50,000 Bond.
How to get your California Motor Vehicle Fuel Distributor Bond?
Would you like to know the first step in getting your California Motor Vehicle Fuel Distributor Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Read a California Third Party Logistics Provider $25,000 Bond.