What is a bonded title and what is it used for?
A bonded title is a notation on a title document, as well as on the motor vehicle records, which indicates that a Certificate of Title Surety Bond has been surrendered in support of the application for title. The bond is issued in the title applicant’s name, for a three-year period. The bond is required by statute in cases where proper ownership documents are unavailable. Purpose of a bonded title is to protect previous and future owners of the vehicle, as well as lien holders, from potential claims.
A bonded title is a notation reflected on a title document and the motor vehicle record which indicates that a Certificate of Title Surety Bond was surrendered in support of the application for title. The bond is issued in the title applicants name for a 3-year period. The notation is carried forward upon subsequent issuance for the 3-year period. The bond is required by statute, when proper ownership documents are unavailable, to protect previous and subsequent owners and lien holders from possible claims.
• A: A bonded title is a notation reflected on a title document and the motor vehicle record which indicates that a Certificate of Title Surety Bond was surrendered in support of the application for title. The bond is issued in the title applicant’s name for a 3-year period. The notation is carried forward upon subsequent issuance for the 3-year period. The bond is required by statute, when proper ownership documents are unavailable, to protect previous and subsequent owners and lien holders from possible claims.
A bonded title is a notation on a title document, as well as on the motor vehicle records, which indicates that a Certificate of Title Surety Bond has been surrendered in support of the application for title. The bond is issued in the title applicant’s name, for a three-year period. The notation (bonded title) is renewed for another three-year period. The bond is required by statute in cases where proper ownership documents are unavailable. Purpose of a bonded title is to protect previous and future owners of the vehicle, as well as lien holders, from potential claims.
A bonded title is a notation on a title document, as well as on the motor vehicle records, which indicates that a Certificate of Title surety Bond has been surrendered in support of the application for title. The bond is issued in the title applicant’s name, for a three-year period. The notation (bonded title) is renewed for another three-year period. The bond is required by statue in cases where proper ownership documents are unavailable. Purpose of a bonded title is to protect previous and future owners of the vehicle, as well as lien holders, from potential claims.
