Form DTS 22. Surety Bond Affidavit And Acknowledgement Of Surety - Virginia

Form DTS 22 - Surety Bond Affidavit and Acknowledgement of Surety is used by driver training schools to verify to the Virginia DMV that they have obtained the required surety bond. This form ensures that the school is financially secure and capable of fulfilling its obligations.

The parties involved in this form are driver training schools, surety companies providing the bond, and the Virginia Department of Motor Vehicles. The form consists of sections where the school acknowledges the existence of the surety bond and provides details of the surety company issuing the bond.

Important fields in this form include the name and address of the surety company, the bond number, the amount of the bond, and the effective dates. It is crucial for driver training schools to accurately complete this form to demonstrate financial responsibility to the DMV.

For example, a driver training school applies for a new license or renews an existing license. As part of the application process, the school must submit Form DTS 22 to provide proof of the surety bond. The form contains details of the bond, such as the name of the surety company and the bond amount. This ensures that the school meets the financial requirements for licensure.

Related forms or alternatives to this form may include other financial documentation required for licensure or business operations. While Form DTS 22 specifically deals with surety bonds, other forms may address insurance coverage or financial statements.