Marker Plate Issuance ($20,000) Bond - Statewide in Connecticut

Brief Summary

The $20,000 Marker Plate Issuance bond is one of three separate bonds the Connecticut DMV requires from an electronic issuance licensee. Lining up all three with one surety at the same time keeps your license file complete and avoids a rejected application over a missing bond.

Connecticut requires a $20,000 Marker Plate Issuance surety bond from businesses licensed by the DMV to process registration and title transactions electronically for customers. The bond is indemnity for plate misuse and is filed with the Department of Motor Vehicles on its own surety bond form, alongside a $20,000 Customer Indemnity bond and a $5,000 Registration and Title Fees bond.

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How to Apply for a Marker Plate Issuance ($20,000) Bond:

• Confirm with the DMV that electronic issuance license applications are being accepted.
• Review DMV form K-41A for the licensing procedure.
• Obtain all three bonds: Marker Plate Issuance at $20,000, Customer Indemnity at $20,000, and Registration and Title Fees at $5,000.
• Give the surety the business name exactly as it appears on the DMV application.
• Provide owner information for the credit review and pay the premium.
• File the executed bonds with the application and the $250 nonrefundable license fee.

Detailed Information About the Connecticut Marker Plate Issuance ($20,000) Bond:

This is one of three bonds, not the only one

Applicants often buy this bond and assume they are done. Under the electronic issuance framework created by Public Act 24-20, sections 1 through 3, effective October 1, 2024, the DMV requires three separate surety bonds, each on its own form:

• Marker Plate Issuance, $20,000, as indemnity for plate misuse
• Customer Indemnity, $20,000, as indemnity for consumer loss
• Registration and Title Fees, $5,000, as indemnity for failure to remit applicable fees

This page covers the Marker Plate Issuance bond.

Who needs it

The electronic issuance license covers third party businesses that handle registration and titling transactions for DMV customers. Every business that wants to operate as an electronic issuance licensee must apply under the new framework, regardless of prior license status, and existing X-License holders must also meet the new requirements.

Applications are paused

The DMV states that it is not accepting electronic issuance license applications at this time. If you are preparing to apply, check with the DMV for the reopening date before the bond is issued, and confirm the current bond form at that time.

Fees and term

The license fee is $250, nonrefundable, paid by check to DMV with the application. The license renews every two years for $250. A late renewal costs $100, and a license expired more than 45 days cannot be renewed. Licensees may charge a transaction fee of no more than $25 per registration or title application filed with the DMV. The DMV procedure form K-41A explains how to obtain the license, and K-158X is the surety bond form.

What it costs

Premium is a percentage of the $20,000 bond amount, set by the surety after a credit review of the business owner.

Eligibility and Requirements for a Connecticut Marker Plate Issuance ($20,000) Bond:

• Connecticut Department of Motor Vehicles as obligee.
• Bond amount of $20,000 for plate misuse indemnity.
• A separate surety bond form for each of the three required bonds.
• Business name on the bond matching the DMV license application.
• License renewal every two years, with the bond kept in force.

Connecticut Marker Plate Issuance ($20,000) Bond FAQs:

Official and Additional Resources for the Connecticut Marker Plate Issuance ($20,000) Bond: