What is a Motor Vehicle Inspection Bond?
A motor vehicle inspection bond is a form of insurance that protects clients of a motor vehicle inspection station. Anyone who owns and operates such a station must purchase this type of bond. It is a guarantee of the owners financial stability and competence. If the customer is a victim of fraud, the bond will reimburse him or her.
Before inspection station operators purchase a surety bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.