If you a business entity required to register to issue an Electronic Vehicle Registration Permit in Massachusetts you are required under chapter 90, section 31 of the General Laws of Massachusetts to file a Massachusetts Electronic Vehicle Registration (EVR) Permit Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Massachusetts D.R.I.V.E./E.V.R Bond holds you accountable for your business decisions.
By possessing a Massachusetts D.R.I.V.E./E.V.R Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.