SR-22, Certificate of Financial Responsibility (CFR)

Documentation issued by the courts to prove that drivers have insurance policies that meet certain standards

known as a “SR-22,” is known as “certificate of financial responsibility” (CFR). SR-22s may be required by a court for a variety of reasons, including:

  • Droving without a valid driver’s licence
  • Absence of a valid driver’s licence
  • DWI/DUI conviction
  • There are way too many incidents involving someone else’s negligence or carelessness.
  • Repeated infractions occurring within a short period of time (like multiple accidents or moving violations within a several months)
  • Non-compliance with a court order to pay child support
  • Temporary and restricted driving privileges due to licence suspensions or revocations are granted on a “hardship” licence.

Start rounding up and saving to pay down your car loan faster