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.
Structure Code of Virginia
Chapter 17 - Driver Training Schools
§ 46.2-1701. Licenses required for school and instructor; fees
§ 46.2-1701.1. Bond of applicants
§ 46.2-1701.2. Schools required to have established places of business
§ 46.2-1701.3. Student records to be maintained
§ 46.2-1701.4. Reports and records of licensed computer-based driver education providers
§ 46.2-1702. Certification of driver education courses by Commissioner
§ 46.2-1703. Authority to promulgate regulations
§ 46.2-1704. Action on applications; hearing on denial
§ 46.2-1707. Unlawful acts; prosecution; proceedings in equity
§ 46.2-1708. Licenses required for school and instructors
§ 46.2-1709. Business and equipment requirements
§ 46.2-1710. Records to be maintained
§ 46.2-1711. Government entities authorized to provide entry-level driver training