Surety Bond Encyclopedia

Branch Auto Tag Bond - Miami Dade County, FL in Florida

Brief Summary

A private auto tag agency in Miami-Dade handles registration and title money that belongs to the state and the county. This bond is what lets the Miami-Dade Tax Collector trust a branch office with that money. You pay a premium instead of tying up cash, and the bond goes straight into the agency file the Tax Collector keeps on you.

The Branch Auto Tag bond is posted by a private auto tag agency that processes vehicle registrations and titles in Miami-Dade County on behalf of the Miami-Dade Tax Collector. Under Florida Statutes 320.03, county tax collectors act as agents of the Department of Highway Safety and Motor Vehicles, and private tag agents work under them. The bond guarantees that the agency handles and remits the fees it collects as its agreement with the Tax Collector requires. Confirm the bond amount, form and whether each branch location needs its own bond with the Tax Collector before the bond is issued.

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How to Apply for a Branch Auto Tag Bond:

  • Confirm with the Miami-Dade Tax Collector the bond amount, the bond form and whether each branch location needs a separate bond.
  • Have the agency's legal name exactly as it appears on the private tag agent agreement.
  • Provide owner names, addresses and Social Security numbers for the credit review.
  • Complete the bond application and review the quoted premium.
  • Pay the premium and receive the executed bond.
  • Deliver the original bond to the Miami-Dade Tax Collector with your agent agreement paperwork.

Detailed Information About the Florida Branch Auto Tag Bond:

The obligee is the Tax Collector, not the state licensing side

Many applicants assume this bond is filed with a state board the way a dealer bond is. It is not. Florida Statutes 320.03(1) makes each county tax collector an authorized agent of the Department of Highway Safety and Motor Vehicles for registrations and titles. In Miami-Dade, the Tax Collector extends that work to authorized private auto tag agencies, which appear on the Tax Collector's own renewal page as an in-person option for residents. Your agency answers to the Tax Collector, and the bond names the Tax Collector as obligee.

What the bond guarantees

A tag agency collects registration fees, title fees, taxes and plate charges that belong to the state and the county. The bond protects the Tax Collector if the agency fails to account for or turn over that money as required, or otherwise breaches its agent agreement. Section 320.03(8) recognizes private tag agents directly and allows them a pro rata share of certain collected amounts based on the plates and stickers they issue, which is part of why the money handling has to be secured.

Branch locations

The word branch matters. If your agency runs more than one office, ask the Tax Collector whether one bond covers every location or each branch needs its own. Also confirm the required amount and the current bond form, since the amount is set in the agent agreement rather than printed on the public pages.

Premium

The premium is a fraction of the bond amount and is set by the surety after reviewing the owners' credit and the agency's financial position. Agencies with strong credit and clean operating history get the best rates.

Eligibility and Requirements for a Florida Branch Auto Tag Bond:

  • Miami-Dade Tax Collector named as obligee.
  • Bond amount as set by the Tax Collector in the private tag agent agreement.
  • Agency name on the bond matching the agent agreement exactly.
  • A surety company authorized to write bonds in Florida.
  • Owner credit review, which shapes the premium rate.

Florida Branch Auto Tag Bond FAQs:

Who is the obligee on a Miami-Dade branch auto tag bond?

The Miami-Dade Tax Collector. Under Florida Statutes 320.03, county tax collectors are agents of the Department of Highway Safety and Motor Vehicles, and private tag agencies work under the tax collector, so the bond runs to the Tax Collector.

What does the bond protect against?

It protects the Tax Collector if your agency fails to account for or turn over the registration, title and tax money it collects, or otherwise breaches the agent agreement.

Do I need a separate bond for each branch office?

Ask the Tax Collector before the bond is issued. Coverage per location is set by the agent agreement, so confirm it along with the required amount and form.

How is the premium set?

The surety prices the bond from the bond amount, the owners' credit and the agency's financial strength. There is no fixed rate for every applicant.

Official and Additional Resources for the Florida Branch Auto Tag Bond:

Branch Auto Tag in Other Florida Locations

Miami-Dade County, FL

All Miami Dade County, FL bonds · All Florida surety bonds