Defective Title

Lost/Defective Title Bonds for the Department of Motor Vehicles is a very common surety bond. The premium rate is usually 1% of the bond amount, with a minimum $100.00 premium. This is a relatively simple bond to purchase; all we need is a completed application as this usually does not require a credit check. The common reasons for having to get this surety bond are:

1. Paid for vehicle but didn’t receive title and the lender is out of business

2. The original documentation was ruined in a natural disaster

3. The vehicle is older or custom made so there isn’t a title

Prior to applying it’s important to have this information readily available:

1. Year, Make, Model and complete VIN number for the vehicle

2. Name on the bond needs to exactly match the name of the person applying

The bond amount will be given to you by the DMV, be sure to have it when you are filling out the application because certain states are very particular regarding the bond amount. We normally issue the bond after 1 business day from receiving the application!