How and/or where do you get a bonded title for a car?

Answer 1

I would need to know your state, but this was on the search result.

http://www.lawrenceautotitle.com/FAQ1.htm#Q1

Bonds are marketed through
Greater Texas Insurance Managers & Agency, Inc. ,
9809 Anderson Mill Road, Austin, TX 78750
Phone: [phone] Texas License No. 1636

1. What is a Bonded Title?

A bonded title is a process used in Texas to provide title to vehicles when the proper evidence of ownership is not available. The bonded title law was past by the Texas Legislature in the late 1980’s to provide an alternative to a Tax Collector Hearing to secure a Texas title for Texas residents. Many counties in the state no longer hold hearings.

2. Who can apply for a Bonded Title?

Someone who has purchased or was given a vehicle and did not receive a title or bill of sale.
Someone who purchased a vehicle and only received a bill of sale.
Someone who purchased or was given a vehicle and only received an improperly assigned title.
Someone who purchased a vehicle and received a title and has since lost that title and can’t locate the previous owner to obtain a copy.
Out-of-state residents may only apply for a Bonded Title if the vehicle is titled in Texas.
3. Bonded titles can be issued for what type of vehicle?

Automobiles
Trucks
Buses
Trailers (over 4000 lb. gross)
Travel trailers
Motor homes
Motorcycles
4. How do I obtain a “lost title”?

This question is asked frequently when someone has purchased a vehicle but did not receive a title. The owner shown on the title record must request a certified copy of a title. If a lien holder is shown the registered owner may secure a certified copy of the title by providing a release of lien from the holder.

5. What if there is dispute over the ownership of the vehicle?

When a bonded title is issued a “Bonded” notation is shown on the title record for 3 years. If during that time someone claims an interest in the vehicle they can take the new owner to court and if judgement is issued by that court the Bonding company pays the judgement and the new owner must reimburse the Bonding company the amount paid.

6. What if there is a recorded lien on the title?

If the Bond is over $5000.00 and a lien holder is shown on the Texas title record or out of state title record a release of that lien will be required. Most of the time we are able to obtain a release for you if the lien has been paid.

7. Can I sell the vehicle on the bonded title?

Yes, the bonded title is a negotiable Texas title.

8. Does the vehicle have to be operable?

No, in cases of old vehicles it is best to obtain the bonded title before the vehicle is restored to save the cost of the Bond. Application to obtain plates can be done later when restoration has been completed.

9. How is the amount of the Bond determined?

The amount of the Bond is determined on vehicles from the NADA Guide. The Bond amount is figured at 1.5 times the retail amount shown in the book multiplied at $15.00 per thousand. A minimum bond fee of $100.00 is required on all bonds of $6,667.00 or less. If the vehicle is not shown in the NADA book, we will supply you with 2 Dealer Appraisal forms. These forms must be completed and signed by two different Car Dealers. The highest appraisal times 1.5 determines the amount of the bond.

Example:
Value of the vehicle: $ 6,500
1.5 times that value: $ 9,750
Cost of Bond
($15 per thousand) $ 146.25

10. If the vehicle is not operable and I have no way to transport it to a dealer for an appraisal, what can I do?

Most dealers will make an appraisal from a photo of the vehicle. If no dealers are available in your area we can obtain an appraisal for an extra fee of $25. You must supply us with pictures of the vehicle.

11. Can I obtain a bonded title on an abandoned vehicle?

No. Abandoned vehicles must disposed of through law enforcement if they are operable. If not operable Form VTR71-2 must be completed by the property owner and a Certificate of Authority will be issued to dispose of the vehicle to a salvage yard. The vehicle cannot be put back into operation.

12. Can I obtain a bonded title on a vehicle that was given to me?

Yes, but if possible get a statement in writing from the person giving you the vehicle.

13. If I did not receive a title when I purchased the vehicle is a bill of sale necessary?

No. However, a bill of sale is helpful on larger Bonds and can often reduce the amount of sales tax due when you apply for a title. When there is no bill of sale you may be required to pay sales tax based on the NADA book value or the highest appraised value.

14. If the vehicle is inoperable will I have to register the vehicle when I apply for title?

No. We will supply you with a Form VTR131 that will allow you to secure a title without registration or proof of insurance.

15. What should I do to obtain your service?

You can download one of our Bonded Tile Questionnaires using the "Print Form" link on the left. Complete the form and mail or FAX [phone]) it to us with a service fee of $100.00. We will also take your application using your credit card.




Lawrence Auto Title - P.O. Box 450 - Taylor, Texas 76574
Phone: [phone] FAX: [phone]
Please send comments, questions, corrections, additions, and dead links to:
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Answer 2

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Answer 3

Texas Bonded Title

Answer 4

you do not. With a bonded call there is continually a probability the motorized vehicle will arise stolen, or with a lien holder. You rolled the dice, and lost. it really is why you not in any respect purchase a motorized vehicle till it has a sparkling call. A bonded call purely supplies the first human being who utilized the mechanism to get it registered andchronic it. If, in the course of the somewhat lengthy approach of looking up suggestions on the motor vehicle, a lien holder shows up, that's their motorized vehicle, and they take it. so a concepts as getting you money decrease back, I doubt it if the corporate made it sparkling it turned right into a bonded call. If he did, it changed into type of an "as is" deal, and also you walked into it such as your eyes open. If it wasn't printed, you could attempt to the contact the corporate and ask for money back. Alternately, contact the lien holder and pay off what's owed, and perchance they allow you to to get it decrease back.