Code of Virginia

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Code of Virginia
Title 46.2. Motor Vehicles
Chapter 17. Driver Training Schools
10/23/2019

§ 46.2-1701.1. Bond of applicants. (2019 updated section)

The applicant shall file a surety bond in the amount of $100,000 for a Class A licensee and $5,000 for a Class B licensee. The bond shall be payable to the Commonwealth of Virginia and conditioned to protect the contractual rights of students. The bonding requirement for a Class A license may be reduced, at the discretion of the Department, on a showing by the school that no course of study for which tuition is collected lasts longer than thirty days or that the school collects no advance tuition other than equal monthly installments based on the length of the course of study. The minimum bond for any school shall be $5,000. The Department may collect against this bond in the case that the driver training school violates applicable state or federal law or regulation.

1991, c. 214; 2019, c. 750.