The District of Columbia Department of Transportation (DOT) adopted new regulations that require any person using the public right-of-way to offer dockless sharing vehicles for rental to obtain a permit.
The new regulations require permittees to obtain a $10,000 refundable bond, cash deposit, or other security that is acceptable to the Director of the DOT.
The bond secures against the permittee failing to remove vehicles that are unsafe, unpermitted, or abandoned from the public right-of-way, or if the District of Columbia must remove, relocate, impound, or store dockless vehicles due to improper parking, safety hazards, or any other violation of these regulations or the terms and conditions of the permit.
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If you’re ready to get a free surety bond quote to meet this new surety bond requirement, you can simply apply online. We are the nation’s largest volume bond producer, and provide the lowest rates in the industry.