CA DMV Form OL 704B. Traffic Violator School (TVS) Owner Surety Bond

Form OL 704B is a surety bond form required for individuals or entities operating a traffic violator school (TVS). This bond serves as financial security and protection for students who enroll in the traffic violator school.

The form typically includes sections where the TVS owner provides information such as their name, business name, address, and bond amount. By signing this form, the TVS owner agrees to fulfill their financial obligations and compensate students for any damages or losses incurred during their enrollment in the traffic violator school.

Obtaining a surety bond is a regulatory requirement for operating a traffic violator school in many jurisdictions. The bond ensures that students have recourse if they experience financial harm due to the actions or negligence of the TVS.

Application Example: A TVS owner completes Form OL 704B and submits it along with the required bond amount to fulfill the bonding requirements set by the regulatory authority. By obtaining the bond, the TVS owner meets the financial security obligations necessary to operate the traffic violator school.

Related Forms: Depending on the jurisdiction and specific requirements, there may be other forms related to bonding, insurance, or financial security that traffic violator school operators need to complete.