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VIRP 23.055: Undocumented Vessel Surety Bond

Bonds and Certifications

Executive Summary

California DMV VIRP section 23.055 (Undocumented Vessel Surety Bond) covers an Undocumented Vessel Surety Bond (REG 5058) form, or a bond alternative must be submitted when the required supporting evidence of ownership is not available. (CVC §9923, CCR §190.03)— The value of the vessel is $2000 or more.— A release from the legal owner/lienholder cannot be obtained.— An application is being…. Part of Bonds and Certifications. Tags Clinic hosts the official manual text unchanged below for dealers and registration services in California.

Key Takeaways

  • An Undocumented Vessel Surety Bond (REG 5058) form, or a bond alternative must be submitted when the required supporting evidence of ownership is not available….
  • (CVC §9923, CCR §190.03)— The value of the vessel is $2000 or more.— A release from the legal owner/lienholder cannot be obtained.— An application is being….
  • A Motor Vehicle Ownership Surety Bond (REG 5057 (PDF)) form is acceptable for any vessel, including a vessel from another state or country, provided the REG….
  • The bond must be obtained for the fair market value of the vessel, as determined by one of the following: A written appraisal provided by a California or other….
  • A Statement of Facts (REG 256 (PDF)) form giving the valuation based on information provided in a recognized industry motor vehicle valuation and pricing….

Important Facts

Manual section
23.055
Chapter
Bonds and Certifications
Manual text
Verbatim DMV VIRP source below the overview