During its 2022 legislative session, the Connecticut state senate passed Public Act 22-44, which increases auto industry surety bond amounts effective July 1, 2022.
- New/Used Dealer License Bonds: from $50,000 to $60,000
- General Repairer License Bonds: from $5,000 to $25,000
- Limited Repairer License Bonds: from $5,000 to $10,000
- Lessor License Bonds: from $10,000 to $15,000
If you have an existing bond on file with the Connecticut Department of Motor Vehicles, contact your surety bond agent or agency to request they provide bond increase rider documentation directly to the DMV by email at [email protected]. The bond increase rider must be effective July 1, 2022, and filed immediately.
SuretyBonds.com has already emailed additional instructions to all clients with active dealer, repairer, or leasing license bonds in Connecticut. Clients can contact our Customer Care team by email at [email protected] or by phone at 1 (800) 308-4358 to expedite their bond change.
Your rider documentation will be issued once SuretyBonds.com processes the additional premium required to increase your surety bond amount. SuretyBonds.com will email the official documentation directly to the state as required.
If you need a new surety bond to file with the state at this time, you can submit an application online 24/7 or call 1 (800) 308-4358 if you’d like to speak with a surety expert about your bonding needs.