Florida Third-Party Notification Service Performance Bond
A new bill titled HB 431 requires third-party notification service to be approved by the Florida Department of Highway Safety and Motor Vehicles and obtain a $1 million performance bond. All towing-storage businesses must use a certified third-party notification services to send all required notices under the lien law.
SFAA questioned the bond amount, but the state regulators wanted a bond that ensures that financially sound and qualified businesses perform the required functions as the State may have some liability for the actions of the third-party notification services.
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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.