Auto title bonds are issued to individuals or businesses in order to obtain a clear auto title that is issued by the motor vehicle department. If you lost your car title or never received it for some reason, and so you cannot register it? Then you need a bonded title. Title bond can also be known as auto title surety bond, lost title bond, defective auto title bond, and certificate of title bond. Laws about obtaining a bonded title vary by state; you can't apply for a bonded title for an abandoned vehicle. A bonded title can usually be obtained by filing with the DMV.
A bonded title can be used as proof of ownership for registering, insuring, or selling a vehicle; it can be challenged in most states for up to three years after its issue date. Bonded titles can be used to determine ownership and can be used to prove ownership when registering a vehicle or buying automobile insurance. Following are 4 of the more common reasons you might need a bonded title. You bought a vehicle and never received the title or bill of sale, you purchased a vehicle and only received a bill of sale, you bought a vehicle an got an improperly assigned title, received or lost your title the main requirements for obtaining a bonded title usually include the following:
Making a effort to acquire the original car title and any supporting documents by contacting the prior owners or relevant authorities using certified mail, Obtain the relevant forms from your local DMV. vehicle must have been purchased or received as a gift. You usually cannot file for a bonded title if the vehicle in question was abandoned. Some states might require that you pay certain taxes before you are issued a bonded title. it should be noted that a bonded title does not absolutely guarantee ownership of the vehicle and can be disputed.