A new bill was recently enacted in Colorado that requires third-party providers of vehicle identification number inspections to obtain a surety bond.
Details on the New Requirement
The bill titled CO S 11, which is effective 03/05/2020, authorizes third-party providers to perform vehicle identification number verification inspections for commercial vehicles and requires evidence of a savings account, certificate of deposit or surety bond of at least $10,000.
How to Apply for a Surety Bond
If you find that you must obtain this surety bond, you’ll need to contact a bond provider who is licensed to to business in Colorado. JW Surety Bonds is licensed nationwide, so please feel free to reach out to us if you’d like assistance with obtaining this bond.