If you require a California certificate of title bond (also known as a California DMV title bond, or a California DMV defective title bond), you've likely visited your local CA DMV, or perhaps even a local AAA office, where you've been informed that in order to register your vehicle with the state, a bonded title is required.
Our agency offers the California defective title bond for 1% of the required surety bond amount, or $125, whichever amount is greater.
A DMV defective title bond is required when a vehicle that you own has a missing title or one that is somehow colored.
It is likely that you learned that you are required to purchase this bond because you wish to transfer ownership of the vehicle.
Of course, without a title, you cannot make a lawful transfer. In order for the DMV to issue a new and replacement title, they want to guarantee that the DMV, you, and any potential owners are protected against any future discovery of prior ownership (i.e. the missing title) of the vehicle.
For California defective title bonds where the vehicle is valued up to $50,000, the bond is an "Instant Issue" surety bond.
This means that there are no credit checks nor review by an underwriter. We'll take the application directly from you over the phone, having you to provide the information below. Upon payment of the premium, the bond is issued to you immediately and mailed to you for signing and filing.
A California certificate of title bond greater than $50,000, if applicable, will require a signed and witnessed surety bond application (your application does not need to be notarized). The completed application is sent to an underwriter for a review. Included as part of the review process is a credit inquiry. Approval for an amount greater than $50,000 is determined by satisfactory credit; however, the rate remains 1% of the amount required.
The premium for a California DMV defective title bond, with or without a credit inquiry, is 1% of the bond's amount, with a minimum premium of $125. The surety bond's premium is just a onetime payment.
To issue your DMV defective title bond, we'll ask you to provide us with the following information -- besides the amount of surety required.
Please have these items ready as it will expedite the issuance of your surety bond. Please also note that it will be up to you to provide us with the information requested; we cannot determine any of these items for you.
Since the title to your vehicle cannot be located, or the historical ownership of your vehicle is unable to be determined, the California DMV, out of an abundance of caution, requires this surety bond to protect any prior owners, and any subsequent owners of your vehicle should something later be discovered concerning ownership which causes them a financial loss.
Therefore, while the bond is required of you as a condition of issuing a bonded title, its benefit is for the state of California and any prior or subsequent owners of the vehicle which you intend to register.
AmeriPro Surety Bonds is a surety bonds only agency. We provide the California lost title/defective bond in whatever amount required. For amounts up to and including $50,000, we provide this bond to you without a credit inquiry.
Our agency is also a provider of license and permit surety bonds of all types in all 50 states.
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