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 North Carolina 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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North Carolina General Statutes Chapter 20 Section 76 requires individuals with insufficient proof of vehicle ownership to file a surety bond during vehicle registration. The bond form is titled “Indemnity Bond (N.C. General Statute 20-76),” but most people refer to these bonds as “certificate of title bonds” or just ” title bonds” when registering their vehicles. The North Carolina DMV requires these bonds be filed within 30 days.
This title bond protects previous owners, lien holders, or future vehicle owners from losses or damages caused by the new certificate of title issuance. If a valid claim is made against the bond, the surety company will pay up to the full bond amount. The bonded vehicle owner must then reimburse the surety company.
North Carolina certificate of title bond costs start at $100. The exact cost will vary depending on the surety bond amount required by the North Carolina Division of Motor Vehicles.
The North Carolina 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 buy a North Carolina certificate of title bond online 24/7. You must provide the following information for the Division of Motor Vehicles approval.
Once your payment is received, your official title bond documents will be delivered to your email.
North Carolina 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 North Carolina Division of Motor Vehicles 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:
You’ll need a surety bond if you don’t have a certificate of title for a vehicle you legally own. Vehicles do not qualify for a lost title bond if they:
The North Carolina Division of Motor Vehicles regulates vehicle registration for vehicles in the state. The DMV enforces requirements for missing title registration and manages paperwork for vehicle title applications.
Please note this bond is required if you have insufficient evidence of ownership for your vehicle title. If you plan to sell vehicles, a North Carolina motor vehicle dealer bond is required.
North Carolina statute 20-76 dictates that bond amount must be equal to one and a half times the vehicle’s value. To determine the vehicle’s value, title applicants must have the vehicle appraised according to North Carolina’s current Value Schedule. Title applicants can obtain a current Value Schedule by visiting any DMV license plate agency or calling the DMV Customer Contact Center at (919) 715-7000. Mobile homes and vehicle’s not contained within the value schedule must be appraised by two separate auto dealers, and the appraisals must be listed on the dealers’ letterheads.
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 DMV requires your surety bond documentation to be updated for any reason, contact your surety company.
The most common changes for these bonds include updating the:
North Carolina bonded titles remain valid for 3 years from the date of issuance. The DMV will return the bond to the bonded vehicle owner at expiration if the valid title is provided to the Division or if the vehicle is no longer registered in North Carolina.
To avoid claims, vehicle owners should verify the following before purchasing and filing a lost title bond.
To apply for a bonded title, complete the following steps:
In North Carolina, bonded title applicants should submit the completed bond form, including the power of attorney, to their local DMV office. The North Carolina 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:
North Carolina 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 times the vehicle’s value.
To avoid claims against their bond, bonded title applicants in North Carolina must ensure that they are the rightful owners of the motor vehicle.
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