![]() Step 1: Understand the Title Bondīefore getting a bonded title in Texas, you should understand exactly how these agreements work. Now, let’s see how to get a bonded title in Texas. The better your credit score, the lower your premium will be. Fortunately, the title bond’s cost is just a tiny fraction of the bond value, typically 1% – 5%. ![]() So, if your car is worth $10,000, you’ll need a $15,000 title bond. The DMV requires a bond equal to 1.5 times the value of your car. In addition to the $15 filing fee, you’ll need to pay for the title bond. As part of the application, you must explain why your title is missing and why you’re applying for the bonded title. ![]() Then, download and complete the Texas bonded title application. To get a bonded title in Texas, you must be a legal Texas resident or a military member stationed in Texas. Texas Bonded Title Application: Requirements and Cost So, the DMV can help drivers who lost their titles without risking lawsuits. The bond application and funds provide a mechanism for suing the person who fraudulently takes out a title bond. The DMV is also protected when you get a bonded title in Texas. The title bond legally establishes the bondholder as the vehicle’s owner. You must have a valid car title or title bond before legally selling or scrapping your car in Texas. If you purchase a car without a title or lose the title to your car, you’ll need a title bond. More on this in the first step to getting a bonded title in Texas is below. But it also requires you to pay back the claim, as well as legal fees and penalties. Once the claim is investigated, the bond provides money for the genuine owner. If someone takes out a fraudulent title bond, swearing they are the legal owner when they aren’t, the true vehicle owner can file a claim against the bond. It also creates a mechanism for enforcement. It creates a financial incentive for only the valid owner to take out a title bond. But what’s to stop you from claiming ownership of your ex’s jag? That’s where the surety bond comes in. With the title bond, you are legally entitled to sell the vehicle. The police and the DMV accept the bonded title as proof of ownership. A Texas title bond is a type of surety bond that establishes you as the legal owner of your vehicle, even though the original title is unavailable. Understanding Bonded Titles in Texasīefore learning how to get a bonded title in Texas, let’s be sure you understand what it does for you. The surety experts at Viking Bond Service are here to make the process easy. Then, just follow the six simple steps below detailing how to get a bonded title in Texas. Therefore, it’s important to understand how the bonded title procedure in Texas works and what it means for you. The sale can’t proceed without one until you provide one of these surety bonds. If you intend to sell a vehicle in the state of Texas without a title, you need to obtain what’s known as a title bond or lost title bond.
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