Subcontractors and substations, such as grocery stores, that help the County Tax Assessor and Collector with vehicle title and registrations services need to submit a License Plates and License Registration Receipts Bond. The surety bond is a financial tool used by the Tax Assessor and the Texas Department of Motor Vehicles that guarantees restitution should a subcontractor fail to fulfill their duties in paying all fees that are owed and delivering registration receipts.
You can buy your License Plate and Registration Receipts Bond for as low as $10 a month or $100 a year with Jet. Keep in mind that the bond limit can vary and can affect your price. The limit is an important part of underwriting, as is personal credit. The chart below shows the starting rates for an applicant with preferred credit.
Once you have purchased your bond, Jet will prepare your bond form and send it to you. You will need to sign the bond and file it with your County Tax Assessor. Here are the addresses for counties that use the License Plates and Registration Receipts Bond that you may need to file to:
Harris County
PO Box 4089
Houston, TX 77210-4089
Nueces County
PO Box 2810
Corpus Christi, TX 78401
Travis County
PO Box 149326
Austin, TX 78714-9326
If you are located in another county, please make sure that you are submitting your bond to the county you are conducting business in.
Jet will send you a renewal notice in the mail and through email. It just takes a minute to get set up for your renewal and submit payment.
If you need to cancel the bond, you can send an email to [email protected]. Our team will notify the Tax Assessor and the 30-day cancellation period will begin. For those on a monthly payment plan, your payments will continue until the bond is fully cancelled. Those that paid for the bond in full can get a refund after the 30 days have passed for the unused portion of the bond term.
The purpose of the bond is to ensure that the Tax Assessor will receive due fees for licensing and title registrations and that license registration receipts (that haven’t been used or issued) will be delivered to the Tax Assessor when demanded. Since a subcontractor, such as an authorized grocery store, is simply aiding in the transaction of registration services, it is important that any licensing payments will be passed along to the Tax Assessor’s Office. The Tax Assessor may need to pull the unused registration receipts (for example, if a subcontractor is no longer authorized) and all receipts must be delivered and accounted for; any remaining receipts can be compromised and used illegally.
It is for these reasons that the bond is required; if the payments are not completed and registration receipts are not properly delivered, the bond can be used for claims activity where an injured party can seek reimbursement.