A Montana certificate of title bond may be required when the title from the prior owner is lost, defective, or cannot otherwise be obtained. This surety bond is also known as a Montana defective title bond.
In addition to autos and motorcycles, a certificate of title bond may be required of a manufactured home. In the latter case, the County assessor determines the value of the home; and the bond is of equal amount to the determination.
With respect to cars and motorcycles, the value is determined based upon NADA. According to Montana statutes, a surety bond is required when the vehicle’s value is greater than $500; and the bond is also equal to the value of the vehicle.
Besides the surety bond, you’ll require completion of the state’s Application for Break/Bond Title form.
For any amount, up to and including a $50,000 surety bond requirement, our agency offers you the Montana certificate of title bond immediately.
What this means for you is that after calling us and answering a few simple questions (which we’ll detail below) and paying the onetime surety bond premium of 1% (minimum of $100), our agency will issue the certificate of title surety bond to you immediately.
When you call us, we’ll ask you the basics---the name that should appear on your bond, your address and other contact information, besides, of course, the amount of surety bond required.
Then, in order to complete your purchase, we’ll need to know the following:
If you require a certificate of title bond for an amount greater than $50,000, a signed application along with a credit inquiry are required. Good credit will be required for approval; however, the approval rate is still at 1%.
Once your premium is paid, the bond is issued to you and sent to you immediately. Upon receipt, you’ll file your bond with the Montana Motor Vehicle Division at the appropriate address.
The premium for your bond is a onetime payment; and the bond is active for 3 years from the date of issuance.
The Montana certificate of title bond is required in accordance with §61-3-208(3) of Montana’s statutes.
The bond protects any prior owner or any subsequent owner of your vehicle from any financial losses or damages incurred due to the subsequent discovery of any controlling interest or security in the vehicle which was unknown at the time of purchase.
AmeriPro Surety Bonds is provides certificate of title/defective title surety bonds nationwide. We are also a provider of license and permit surety bonds in all 50 states.
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Or, you may fill out the form below and an agent will contact you...