Sec.14-15d-3. Compliance with agency procedures

(a) Each registration and title company that is deemed to be qualified by the commissioner and is permitted or required to file electronically in accordance with section 14-15d-2 of the Regulations of Connecticut State Agencies shall comply with all procedures established by the commissioner (1) for the submission of applications for certificates of registration and title, and all required documents to support such applications, through the approved online system; (2) for procuring and accounting for plates that the department assigns in connection with such company’s business; and (3) for remitting through the online system the registration and title fees associated with each application.

(b) Each registration and title company that is deemed to be qualified by the commissioner and is permitted or required to file electronically in accordance with section 14-15d-2 of the Regulations of Connecticut State Agencies shall be responsible for all plates assigned to such company by the department. The registration and title company shall provide a surety bond in the amount of twenty thousand dollars to be held by the commissioner as security for any monetary loss suffered by the department as a result of the loss, destruction or misuse of plates assigned to such company.

(c) Each registration and title company that is deemed to be qualified by the commissioner and is permitted or required to file electronically in accordance with section 14-15d-2 of the Regulations of Connecticut State Agencies shall remit, not later than ten days after the date of each transaction, all required documents and fees associated with such registration and title transaction. The registration and title company shall provide a surety bond to the commissioner in the amount of five thousand dollars conditioned upon the performance by such company of its duties in connection with the issuance of certificates of title and registration. The commissioner shall hold such bond to satisfy any monetary loss suffered by the department due to such company’s failure to remit registration or title fees.

(Effective April 12, 2021)