If you do not have proof of ownership (a title) for your boat, motor vehicle, motorhome, mobile home, motorcycle or other titled property, you can provide the State of Idaho with a Certificate of Title Bond in order to replace your lost, stolen, damaged or defective title. You will be able to register your vehicle with this new title.
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Idaho Code Section 49-523 requires individuals to file a surety bond for vehicle registration if they have insufficient ownership evidence for a vehicle less than 10 years old. The state officially calls this form a “Vehicle Ownership Bond,” but it’s more commonly known as a “certificate of title bond” or just a “title bond.” By filing a lost title bond, an individual verifies that, to their knowledge, they are the vehicle’s sole owner.
This bond protects previous or future owners from financial loss resulting from a certificate of title issuance. If the original title is found and a claim is made against the bond, the surety company will pay valid claims up to the full bond amount. The bonded vehicle owner must then reimburse the surety company.
Idaho certificate of title bond costs start at $100. The exact cost will vary depending on the surety bond amount required by the Idaho Transportation Department.
The Idaho Lost Title Bond costs either $100 or 1.5% of the bond amount, whichever is greater (rates may vary for bonds greater than $25,000).
You can purchase your Idaho vehicle ownership title bond online 24/7. You must provide the following information for Idaho Transportation Department approval.
Once your payment is received, your official bond documents will be delivered to your email.
Idaho requires residents to purchase a surety bond as part of the application process to obtain a bonded title. The bond ensures that the rightful vehicle owner will not suffer a financial loss if the title applicant is seeking to obtain the title fraudulently. If the title applicant is engaging in fraud, then the rightful vehicle owner can file a claim against the bond and receive compensation up to the full amount of the bond. In short, the bond acts as a safeguard against people attempting to obtain ownership of a vehicle through unethical means.
The Idaho Transportation Department requires title applicants to purchase a surety bond if the applicant cannot present the department with tangible proof that they own the vehicle and are unable to contact the vehicle’s previous owner. Lost title bonds are typically required for the following reasons:
The Idaho Transportation Department enforces vehicle registration and requirements for vehicles with lost, stolen, or missing titles. All application documents, including the surety bond, must be filed in person at a county DMV office within 30 days.
Idaho lost title bonds are required for vehicle registration. If you plan to sell vehicles, a separate Idaho vehicle and vessel dealer bond is required.
Your bond amount will be 1.5x your vehicle’s value as appraised by a licensed dealer. If you need help determining your exact required bond amount, contact the Idaho Department of Transportation before purchasing your title surety bond.
We do not conduct a credit check for bonds that are less than $25,000. At limits over $25,000, we will review your standing to determine the qualification and rates for the bond.
If the Idaho Transportation Department requires your surety bond documentation to be updated for any reason, contact your surety provider.
The most common changes include updating the:
These bonds expire at the end of their 3-year term and do not need to be renewed. The state will return the bond at that time if the vehicle is no longer registered in the state and the current certificate of ownership is provided. The bond cannot be canceled unless requested by the Division of Motor Vehicles.
Follow the steps outlined in the Idaho Bonded Title Application Instructions.
In Idaho, bonded title applicants should submit the completed bond form, including the power of attorney, to their local DMV office. The Idaho Lost Title Surety Bond requires signatures from both the surety company that issues the bond and the bonded title applicant. The surety company should include the following information on the bond form:
Idaho requires all motor vehicle owners to purchase auto insurance with the following minimum limits:
After their vehicle has been appraised, bonded title applicants must purchase and maintain a surety bond in an amount equal to one and a half times the vehicle’s appraised value.
To avoid claims against their bond, bonded title applicants in Idaho must ensure that they are the rightful owners of the motor vehicle.