FAST. CHEAP. BONDED.
What is a Title Bond?
A Title Bond, also known as an MVD Bond, Lost Title Bond, Defective Title Bond is a type of surety bond required when the original title has been lost, stolen or defective. A Title Bond allows the vehicle owner to claim ownership and register the vehicle with the State. A title bond is a guarantee to the DMV that the vehicle is rightfully yours, but it also protects the interests of a potential rightful owner that may make a claim to be the legitimate owner of the vehicle. Typically, in most States, after 3 years of a clean title, the bonded portion dissolves and no one else but yourself has any legitimate rights to the vehicle.
What's the cost of a Title Bond
If the bond amount required is less than $25,000 the cost of title bond is solely based on the bond amount. When the bond amount is over $25,000 then the cost is based on applicants credit profile. The higher the profile the lower the cost.
How do I get a Bonded Title?
There are several steps you will need to take in order to finalize your title with a governing body such as the DMV or county tax assessors office. You will need to apply for a bonded title which will include an affidavit or statement of fact, pay a fee to the DMV, and then apply for a title bond. The amount of the bond is determined by the DMV and is typically 1.5x the value of the vehicle. Once you have obtained the DMV Notice of Determination for Bonded Title you can upload it along with the Statement of Fact by clicking on the “Get A Quote” button. You will receive a quote in minutes.
What if a Lien is showing on the DMV Paperwork?
Most of the time a Lien on the title is not a big obstacle to overcome, however a Bill of Sale is always required and we may need to underwrite your application further.
When will I receive my bond?
Once the bond order has been placed, JM Surety will email you a copy of the bond in minutes. When required by the State, JM Surety will also mail you a hard copy which will be ready to be filed.
Why should I choose JM Surety?
JM Surety has experienced agents that are readily available to issue your title bond once you have completed the application process with the DMV. The bond process takes about 10 minutes and then you will be on your way to finalize the last step to getting your vehicles title issued in your name. JM Surety will always offer you the lowest rates available, won’t charge broker fees, and makes your satisfaction our first goal.
