Business Automation Bond
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Business Automation Bond.Business Automation (BPA) As an auto dealer, you need a Business Partnership Automation Bond (BPA) if you electronically file registration or title information through the BPA program with the Department of Motor Vehicles (DMV). In California there are two bonds:
1. Business Partner Automation - Partner $650,000
2. Business Partner Automation Service Provider $1,000,000
Business Automation Bond.Depending upon credit this bond can range from 1% to 10% and higher. In California, the rate is 2%. The request will require financial statements.
There may be an option for financing on bonds with high ratings for clients with challenged credit.
($125 minimum bond fee applies).