Bonded Title Archives - Surety Bond Professionals

March 24, 2021

North Carolina Bonded Title Process

Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your North Carolina title bond needs. Learn more about the North Carolina bonded title process, below. What Is a Bonded Title? A bonded title looks like a standard title except for carrying a “BONDED” brand. It will allow you to do the same things you could do with a standard title—insure, register, sell, or donate a vehicle. A North Carolina bonded title is backed by a surety bond that guarantees payment of damages to a prior owner or lienholder. It also indemnifies the state if it turns out that DMV should not have issued you a bonded title. Who Is Eligible for a Bonded Title? To find out if you’re eligible for a North Carolina bonded title, explain your circumstances to your local DMV. For example, perhaps you bought a vehicle in a private sale but did not receive a title, received a defective title, or the title was lost or stolen before you could register the vehicle in your name. If the vehicle...

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March 24, 2021

California Bonded Title Process

Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your California title bond needs. Learn more about the California bonded title process, below. What Is a California Bonded Title? A California bonded title is your best solution if you bought a vehicle in a private sale and the seller: Did not give you a title certificate Gave you a defective (altered, improperly assigned, or illegible) title Gave you a valid title, but it was lost or stolen before the vehicle was ever registered in your name A California bonded title will allow you to do the same things you could do with a standard title—insure, register, sell, or otherwise transfer ownership of the vehicle. A bonded title is backed by a three-year surety bond that provides a way to compensate any party who can prove both ownership of the vehicle or a lien against it and a financial loss resulting from you having been issued a bonded title. It also protects the state of California for having issued you the bonded title. Who...

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March 24, 2021

Iowa Bonded Title Process

Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Iowa title bond needs. Learn more about the Iowa bonded title process, below. What Is a Bonded Title? An Iowa bonded title allows you to insure, register, or transfer ownership of a vehicle you own but don’t have a valid certificate of title for. You must purchase one before you will be issued a bonded title. The Iowa title bond is your guarantee that you are the vehicle’s rightful owner. It indemnifies the Iowa Department of Transportation against liability if it’s determined during the time that the bond is in force that you are not the vehicle’s rightful owner and should not have been issued a bonded title. Additionally, the bond ensures that the vehicle’s true owner or lienholder will be compensated for any financial loss resulting from you having been issued a bonded title. Who Is Eligible for a Bonded Title? Most people seek a bonded title because they were not given a valid, properly assigned certificate of title at the time...

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March 16, 2021

Illinois Bonded Title Process

Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Illinois title bond needs. Learn more about the Illinois bonded title process, below. What Is a Bonded Title? A bonded title will allow you to do the same things you can do with a standard title: insure, register, or transfer ownership of a vehicle. You’ll need to obtain one if you did not receive a valid certificate of title from the party who sold you the vehicle, or if the title you received was lost or stolen before you were able to register the vehicle in your name. An Illinois bonded title is secured by a surety bond, an Illinois title bond, which is your guarantee that you are the vehicle’s rightful owner. If it turns out that you are not, the bond ensures compensation for the true owner or lienholder who files a claim during the three years that it’s in force. It also provides a way to pay damages to anyone you may have sold the vehicle to during that time....

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March 16, 2021

Colorado Bonded Title Process

Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Colorado title bond needs. Learn more about the Colorado bonded title process, below. What Is a Bonded Title? A Colorado bonded title is the solution for someone who purchased a vehicle through a private sale and either did not receive a title, received one that was improperly assigned or otherwise defective, or that was lost or stolen before the vehicle could be registered in the new owner’s name. Without a valid certificate of title, there is no way to insure, register, or transfer ownership of a vehicle to someone else. All of those things can be done with a Colorado bonded title—a title that is backed by a surety bond that indemnifies the state if it later turns out that a bonded title should not have been issued. The bond also guarantees payment of damages to a lienholder or other individual who comes forward with proof of ownership while the Colorado title bond is in force or to a subsequent purchaser who incurs...

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March 16, 2021

Arizona Bonded Title Process

Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Arizona title bond needs. Learn more about the Arizona bonded title process, below. What Is a Bonded Title? If you want to register a vehicle you have purchased or been given but do not have a title for it, there is a process that will enable you to obtain a bonded title. A title with a surety bond attached is required to protect the MVD and the rightful owner if it turns out that someone else has a legitimate ownership interest in the vehicle. Follow the steps in this article to obtain a bonded title that will enable you to register your vehicle. Who Is Eligible for a Bonded Title? People generally seek a bonded title because they bought a vehicle from a private seller and did not receive a valid title or received one that was lost or stolen before they were able to register the vehicle in their own name. Your local MVD office can tell you if the vehicle in...

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March 16, 2021

Texas Bonded Title Process

Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Texas title bond needs. Learn more about the Texas bonded title process, below. What Is a Texas Bonded Title? Have you recently purchased a vehicle in a private sale but are unable to insure, register, or re-sell it due to a lack of a valid certificate of title? Perhaps you never received a title from the seller, received an improperly assigned or damaged title, or the title was lost or stolen before you could register the vehicle. If you qualify, you can get a Texas bonded title that will allow you to do the same things as a standard title. The surety bond securing the bonded title relieves the Texas Department of Motor Vehicles (DMV) of any legal responsibility if it turns out, during the bond’s three-year term, that you should not have been issued a bonded title. Who is Eligible for a Texas Bonded Title? If you want to register a vehicle for which you don’t have a title or transfer ownership...

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March 16, 2021

Florida Bonded Title Process

Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Florida title bond needs. Learn more about the Florida bonded title process, below. What Is a Bonded Title? Under certain circumstances, the Florida Department of Highway Safety and Motor Vehicles (DHSMV) will issue a bonded title to a person who has purchased a vehicle but lacks a valid certificate of title. For example, the vehicle’s seller may have not provided a title, gave the buyer a title that was improperly assigned or otherwise defective, or the title was lost or stolen before the buyer could get the vehicle registered. Without a valid title, a vehicle cannot be registered, insured, or sold. A bonded title allows a vehicle owner to do all of those things. The bond securing a bonded title indemnifies DHSMV if it turns out that no bonded title should have been issued and provides a way to compensate the rightful owner or a lienholder. Who Is Eligible for a Bonded Title? Florida allows bonded titles to be issued for automobiles, trucks...

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