CA DMV Form REG 5057. Motor Vehicle Ownership Surety Bond

Form REG 5057 is used to obtain a Motor Vehicle Ownership Surety Bond. This bond serves as financial protection for individuals who have a legal interest in a motor vehicle but are unable to provide sufficient proof of ownership. The bond provides compensation if it is later determined that the individual's claim of ownership is invalid.

Application Example: If an individual needs to establish proof of ownership for a motor vehicle but lacks the required documentation, they may choose to obtain a Motor Vehicle Ownership Surety Bond using Form REG 5057. The bond helps protect the interests of others involved in the transaction by providing a financial guarantee against potential ownership disputes or claims.

Related Forms: Similar surety bond forms may exist in other jurisdictions or regions to address proof of ownership issues. However, it is important to refer to the specific requirements and instructions outlined in Form REG 5057 for obtaining a Motor Vehicle Ownership Surety Bond in California.