If the original title for a vehicle is lost or missing, the owner can apply for a title bond. This document, which is also known as a certificate of title surety bond or lost title bond, is proof that an individual is the legal owner of a car, truck, motorcycle, or another vehicle. The Department of Motor Vehicles (DMV) in each state requires an original title or title bond in order for a vehicle to be registered. Here are several scenarios when the latter certificate is typically needed. 

When Is a Title Bond Required for a Vehicle?

1. Lost Original Title

After buying a vehicle, the title may have been lost in the transfer from the seller to the buyer. In this case, you can provide the vehicle's bill of sale or receipt and a notarized statement verifying your identity to apply for a title bond. The application process will typically take place through a surety bond company. 

What you pay for the document will generally depend on the vehicle's value. For example, a car worth $5,000 equals a $5,000 bond. However, the fee is often significantly much lower and varies with each provider. 

2. Wrong Name Placement on Title

It's common for the wrong names to be listed on a title. Signatures listed in the incorrect areas on the document won't meet the DMV's registration requirements. 

In both of these cases, the vehicle's buyer or the seller can apply for a title bond. An illegible or damaged title may also qualify for application. 

3. Bill of Sale Only Available Proof

If this is the only documented proof that an individual purchased a vehicle, they'll need to apply for a title bond. The surety bond company requires some type of evidence that the car was sold or even gifted to you. A receipt, email, or other paperwork that shows the transaction date, vehicle amount, make and model, and names and signatures of the parties involved should be enough proof that a sale took place. 

4. Title Not Received

You may have never received the title after buying a vehicle. As previously mentioned, a bill of sale may be enough proof to apply for a title bond. In some cases, a receipt for a cash transaction, canceled check, or bank statement record will offer additional evidence. Some surety bond companies may also require a notarized statement verifying your identity and how you obtained the vehicle. 

A title bond is an important document that confirms that an individual is the legal owner and can register their vehicle with the DMV. Barnes & Howell Insurance in Gainesville, GA, specializes in securing these certificates. Serving the entire state of Georgia since 1995, the independent agency makes the process easy and fast. You can count on the team of professional and bilingual agents for clear communication on what's needed to complete the application so that you receive proper proof of ownership. To learn more about their title bond services, call (770) 718-0202. If you're in the market for home, auto, renters, commercial, and other types of insurance, visit the website for a no-obligation quote.