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 Mississippi 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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Mississippi statute 63-21-23 requires residents who do not have adequate proof that they own their vehicle to purchase a surety bond prior to obtaining a duplicate title. The Mississippi legislature enacted the bonding requirement to ensure that the rightful vehicle owner will receive compensation if the title applicant does not actually own the vehicle. The bond will be active for three years from the date of issuance and must be in an amount equal to one and a half times the vehicle’s value.
Mississippi 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 Mississippi Department of Revenue.
The Mississippi 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 Mississippi title bond online 24/7. You must provide the following information for Department of Revenue approval.
Once your order is processed, your official title surety bond documentation will be emailed to you instantly.
The Mississippi Department of Revenue 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:
Mississippi Code Section 63-21-23 requires a lost title bond to be provided for vehicle registration when an individual is missing their official vehicle title. This code (also known as the “Mississippi Motor Vehicle Title Act”) specifically requires a Mississippi title bond to be filed with the state before an individual applies for their bonded title. The purpose of these bonds is to provide a security interest when vehicle ownership cannot be verified and a replacement title has been requested.
This title surety bond protects prior owners, prior lien holders, and future purchasers from expenses, losses, or damages resulting from certificate of title issuance. By filing the bond form, the vehicle owner verifies they legally own the vehicle. If the original title is found and a valid claim is made against the bond, the insurance company will pay losses up to the full bond amount. The vehicle owner must then reimburse the insurance company for claims paid.
Please note this bond only allows a duplicate title to be issued for a vehicle. If you plan to sell used vehicles, a separate Mississippi designated agent bond is required.
The Mississippi Department of Revenue enforces registration requirements for all vehicles in the state, including those missing official titles. Questions about getting bonded titles in Mississippi should be directed to the Title Bureau at 1(601)923-7200.
Mississippi law requires the title surety bond amount to be 1.5 times the value of the vehicle, manufactured home, or mobile home as determined by the Department of Revenue. If you need help determining your exact required bond amount, contact the Department of Revenue before purchasing your 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.
If the Department of Revenue requires any updates to your bond documentation, contact your surety provider.
The most common changes for these bonds include:
Yes, your Mississippi certificate of title bond will expire after 3 years. It will not need to be renewed after its original 3-year term.
To apply for a bonded title, complete the following steps:
In Mississippi, bonded title applicants should mail the completed bond form, including the power of attorney, to the following address:
Mississippi Department of Revenue
Motor Vehicle Services
P. O. Box 1383
Jackson, MS 39215-1383
The Department of Revenue only accepts bonds filed within 30 days of their effective date, so file your car title bond as soon as possible after receiving it from your surety provider.
The Mississippi 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:
Mississippi requires all motor vehicle owners to purchase auto insurance with the following minimum limits:
Bonded title applicants must purchase and maintain a surety bond in an amount equal to one and a half the vehicle’s value.
To avoid claims against their bond, bonded title applicants in Mississippi must ensure that they are the rightful owners of the motor vehicle.