Georgia Certificate of Title Bond
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Georgia Certificate of Title Bond
In Georgia, when a title to a non-abandoned vehicle is:
- Or stolen;
To establish ownership of the vehicle, the state requires you to obtain a certificate of title bond.
After the bond’s purchase and filing with the state of Georgia’s Department of Revenue, you will be issued a “bonded title” to the vehicle in question.
According to Georgia’s Department of Revenue, to qualify for the certificate of title surety bond, you must:
- Be a resident of Georgia;
- Have a non-abandoned vehicle;
- Plan to register the vehicle in Georgia;
- Have a vehicle that is from 1985 and years thereafter.
The bonded title let’s others know that while you have title to the vehicle, there is a bond which backs it. This is what is referred to as a “bonded title”. The Georgia certificate of title bond is alternatively referred to as Georgia lost title bond, or Georgia defective title bond.
Qualifying for the Surety Bond and the (Onetime) Premium
Up to and inclusive of a $50,000 surety bond requirement, our agency provides you with the Georgia certificate of title bond within a matter of minutes. There will be no credit check involved. The premium will be 1% (with a minimum of $100) and the bond will be issued immediately thereafter. The application is taken from you verbally directly over the phone.
Amounts greater than $50,000, if applicable, will include an application (which will need to be both signed and “witnessed”). There will also be a credit inquiry. Good credit is required for an amount greater than $50,000 — again, if applicable to you — and the premium is still at the same rate 1% of the bond amount.
Regardless of the amount of bond required, we will ask you the following when you call us:
- The basics: Your name, address, and contact information (email address and phone number);
- We’ll also ask you: The year of your vehicle;
- The Make of your vehicle;
- Your vehicle’s identification number (VIN).
Thereafter, for bond’s less than $50,000, our agency issues your bond to you immediately for filing after payment of the premium. Your surety bond and the Power of Attorney form are mailed to you for filing.
Upon receipt, you’ll sign your bond as Principal, and then file to the following address, along with the Power of Attorney:
Fulton County Tax Commissioner’s Office
141 Prior Street SW, Suite 1085
Atlanta, GA 30303
Georgia Certificate of Title Bond: Its Purpose
The purpose of the Georgia certificate of title bond is protect the interest of others — any prior owners, lien holders, or subsequent owners from any loss – real or financial — which occurs to them because the title to the vehicle was issued to you.
The surety bond allows those who can later demonstrate and prove that they have suffered a loss to a vehicle which you now own to recover that loss up to the bond’s face value. The bond is issued for a period of 4 years. Assuming that no claims are made, the state will now issue a title without the backing of a surety bond.
Georgia Vehicle Value
In Georgia, the amount of the Georgia certificate of title bond must be:
- A minimum of $5,000; or
- Twice the current market value of the vehicle as determined by the state’s Department of Revenue (the state may tell you how much surety bond you must purchase).
AmeriPro Surety Bonds is a surety bonds-only agency. Getting you the proper certificate of title bond is our goal.
We also provide surety bonds of hundreds of categories throughout Georgia and nationwide.
You may call us at:
And/or, you may fill out our contact form, and a Surety Agent will call you..
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