Get Your Minnesota Title Bond Today!

Rates & Requirements for Minnesota Title Bonds:

  • No Credit Check required for amounts up to $30,000.
  • Minimum Premium: $100
  • Rate: 1.5%
  • Instant Issue: Up to $30,000
  • Amount Required: 1.5X As determined by MN Dept of Public Safety

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 Minnesota 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.

Don’t overpay, apply today and get your title bond in 3 simple steps. Have questions? Contact us and talk to a title bond expert today.

Common Questions

What is a Minnesota certificate of title bond?

Minnesota Statute Section 168A.07 requires individuals file a surety bond if they cannot prove vehicle ownership when registering their vehicles. State form PS2052-04 is officially titled the “Ownership and Security Interest Surety Bond” but is more commonly known as a ” certificate of title bond” or “defective title bond.” These bonds protect prior owners and future purchasers from expenses, losses, or damages resulting from certificate of title issuance. If such a loss occurs, the issuing surety company will pay valid claims up to the full bond amount, which the bonded vehicle owner must then reimburse.

How much will your Minnesota certificate of title bond cost?

Minnesota certificate of title bond costs start at $100 for the state-required 3-year term. The exact cost will vary depending on the surety bond amount required by the Division of Motor Vehicles.

  • Bond amounts up to $6,000 cost $100.
  • Bond amounts from $6,001 to $50,000 cost $15 for every $1,000 of coverage, starting at $100.
  • Bond amounts more than $50,000 must be reviewed by an underwriter for pricing, starting at $750.

The Minnesota 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).

How do you get a Minnesota ownership title and security interest surety bond?

You can purchase your Minnesota title bond online 24/7. You must provide the following information for Division of Motor Vehicles filing approval.

  • vehicle owner name
  • vehicle identification number (VIN)
  • year
  • make
  • body type
  • value

Once your payment has been processed, you’ll receive a digital copy of your Minnesota vehicle title bond by email. Your official certificate of title bond will be delivered to your preferred mailing address.

What is the Purpose of the Minnesota Lost Title Bond?

Minnesota 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.

Who is Required to Purchase a Minnesota Title Bond?

If you cannot prove you own a vehicle you’re trying to register, you’ll need to file a Minnesota vehicle title bond along with your bonded title application. Vehicles must be 6 model years or older to qualify for a bonded title.

Motor vehicle title bonds are required for vehicle registration. If you plan to sell vehicles, you need a Minnesota motor vehicle dealer bond.

The Minnesota Department of Public Safety requires title applicants to purchase a surety bond if the applicant cannot present the department with tangible proof that they own the vehicle and if the department does not have an ownership record of the vehicle. Typically, lost title bonds are required for the following reasons:

  • The vehicle has never been titled
  • The applicant never received the title
  • The previous owner never titled the vehicle
  • The applicant has the title but there is an error in the title transfer
  • The applicant purchased an unclaimed/abandoned vehicle and is not a bonded agent

Who registers vehicles in Minnesota?

The Minnesota Department of Public Safety Division of Motor Vehicles enforces registration requirements for vehicles with missing titles.

How do I determine my bond amount?

Your bond amount must be 1.5 times the vehicle value as determined by your local deputy registrar’s office. Do not purchase your bond until your local deputy registrar has calculated your exact required surety bond amount.

Is a Credit Check Required for the Minnesota Lost Title 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.

How do I update or change my certificate of title bond form?

If the Minnesota Department of Public Safety Division of Motor Vehicles requires your vehicle title bond documentation to be updated for any reason, contact your surety provider.

The most common changes for these bonds include vehicle owner’s name and vehicle information.

Does your Minnesota bonded title expire?

Yes, Minnesota bonded titles expire 3 years from their effective date and do not renew.

How do I apply for a Bonded Title in Minnesota?

To apply for a bonded title, complete the following steps:

  1. Before applying for a bonded title, you must verify your vehicle qualifies by going to a deputy registrar office where you will complete the Affidavit of Due Diligence form. The deputy will calculate the bond amount for you. You’ll then submit the following to apply for your bonded title.
  2. Complete the Application
    All Minnesota title applications should be mailed to the following address:
    Minnesota Department of Public Safety
    Driver and Vehicle Services Division
    445 Minnesota St.
    St. Paul, MN 55101-5185
    The following items must be submitted with the application:

    • Bill of sale containing the buyer’s name
    • Statement of facts detailing the vehicle’s history
    • Statement of protection
    • Photos of all the vehicle’s sides as well as the VIN plate or a clear, eligible tracing
    • Application to Title and Register a Motor Vehicle (PS2000)
  3. Purchase a Surety Bond
    After receiving the title application, the DPS will notify the title applicant of whether they need to purchase a surety bond. Applicants who do need a bond must purchase and maintain one in an amount equal to one a half times the vehicle’s value. The DPS will determine the vehicle’s value after receiving the title application.

How Do Minnesota Bonded Title Applicants File Their Bond?

In Minnesota, bonded title applicants should mail the completed bond form, including the power of attorney, to the following address:

Minnesota Department of Public Safety
Driver and Vehicle Services Division
445 Minnesota St.
St. Paul, MN 55101-5185

The Minnesota 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:

  • The legal name of the entity/individual(s) buying the bond
  • Surety company’s
  • Bond amount
  • Vehicle information
  • Date the title application was filed
  • Date the bond is signed

What Are the Insurance Requirements for Bonded Title Applicants in Minnesota?

Minnesota requires all motor vehicle owners to purchase auto insurance with the following minimum limits:

  • $40,000 per person
  • $20,000 per accident
  • $20,000 property damage per accident

Bonded title applicants must purchase and maintain a surety bond in an amount equal to one and half times the vehicle’s value.

How Can Minnesota Residents Avoid Claims Against Their Lost Title Bond?

To avoid claims against their bond, bonded title applicants in Minnesota must ensure that they are the rightful owners of the motor vehicle.