Section 11402 Of Chapter 2.5. Registration Services From California Vehicle Code >> Division 5. >> Chapter 2.5.
11402
. (a) The amount of the bond required by subdivision (e) of
Section 11401 for the issuance of a registration service license, or
for the renewal of such a license is twenty-five thousand dollars
($25,000). Liability under the bond shall remain at that amount.
(b) If the amount of the liability under the bond is decreased, or
there is outstanding a final court judgment arising out of a
violation of any provision of this code for which the registration
service is liable, the license of the registration service shall be
automatically suspended. In order to reinstate the license, the
registration service shall either file an additional bond or restore
the bond on file to the original amount, or shall satisfy the
outstanding judgment for which the registration service and surety
are liable.
(c) The bond shall remain in effect for three years after
cessation of business of the registration service.