Cost: $75 ( 2 Years )
You must possess a booting company license in order to place a boot on a vehicle in New York City. One of the prerequisites of obtaining this license is to execute a New York City Booting Company Surety Bond.
This bond expires every Odd Year on December 31st.
The New York City Booting Company 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. These bonds hold you accountable for your business decisions.
By possessing a New York City Booting Company Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.