CA DMV
VIRP Manual
Executive Summary
California DMV VIRP section 23.025 (Motor Vehicle or Vessel Bond Alternatives) covers in lieu of submitting a bond for a vehicle or vessel, a Vehicle, Vessel, or Off-Highway Vehicle Title Deposit Agreement and Assignment (REG 5059 (PDF)) form. Note If no proceedings are pending to enforce the liability of the account then, on demand, the state shall pay quarterly to the depositor any interest on the…. Part of Bonds and Certifications. Tags Clinic hosts the official manual text unchanged below for dealers and registration services in California.
Key Takeaways
- In lieu of submitting a bond for a vehicle or vessel, a Vehicle, Vessel, or Off-Highway Vehicle Title Deposit Agreement and Assignment (REG 5059 (PDF)) form….
- Note If no proceedings are pending to enforce the liability of the account then, on demand, the state shall pay quarterly to the depositor any interest on the….
- The procedures below must be followed: Send all required documents to DMV headquarters.Send the receipt and REG 5059 (PDF) to the Accounting Unit, Attn:….
- Bearer Bond or Bearer Note of the United States or the State of California The bearer bond or note shall have a market value: Equal to, or in excess of, the….
- Additional bearer bond information can be found in CCP §995.720.
Important Facts
- Manual section
- 23.025
- Chapter
- Bonds and Certifications
- Manual text
- Verbatim DMV VIRP source below the overview