Form REG5058 Undocumented Vessel Surety Bond - California

What Is Form REG5058?

This is a legal form that was released by the California Department of Motor Vehicles - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a REG5058 Undocumented Vessel Surety Bond?
A: REG5058 Undocumented Vessel Surety Bond is a type of bond required in California for vessels that do not have proper documentation.

Q: Why is a REG5058 Undocumented Vessel Surety Bond required?
A: The bond is required to provide financial protection in case of damages or injuries caused by the vessel.

Q: How do I obtain a REG5058 Undocumented Vessel Surety Bond?
A: You can obtain the bond from a licensed surety bond company.

Q: How much does a REG5058 Undocumented Vessel Surety Bond cost?
A: The cost of the bond varies depending on the value of the vessel and other factors.

Q: Are there any alternatives to a REG5058 Undocumented Vessel Surety Bond?
A: Yes, you may be able to provide an alternative form of security, such as a cash deposit or a letter of credit.

Q: What happens if I don't get a REG5058 Undocumented Vessel Surety Bond?
A: Failure to obtain the required bond may result in penalties and the inability to operate the vessel legally.

Q: How long is a REG5058 Undocumented Vessel Surety Bond valid?
A: The bond is typically valid for one year.

Q: Can I cancel a REG5058 Undocumented Vessel Surety Bond?
A: Yes, you can cancel the bond by providing written notice to the surety bond company.

Q: Is a REG5058 Undocumented Vessel Surety Bond required in all states?
A: No, the bond is specific to California and may not be required in other states.

Q: Is a REG5058 Undocumented Vessel Surety Bond refundable?
A: No, the bond premium is typically non-refundable.