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 Utah 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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Utah State Tax Commission regulations require individuals without a title ownership certificate to file a surety bond to register any vehicle valued at more than $3,000. In Utah form TC-824 is officially titled the “Insufficient Evidence of Ownership Bond (Surety Bond),” but they’re more commonly known as a ” certificate of title surety bond,” lost title bond,” or ” bonded title.”
The defective title bond protects any person, firm, or corporation that might have legal vehicle ownership during a vehicle title transfer. If damages are suffered as a result of the title certificate issuance, the surety company will pay valid claims up the the full bond amount, which the bonded vehicle owner must then reimburse.
Utah motor vehicle defective title bond costs start at $100 for the state-required 7-year term. Exact Utah title bond costs vary depending on the bond amount required by the Utah State Tax Commission.
The Utah 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 Utah certificate of title bond online 24/7. You must provide the following information for the Division of Motor Vehicles approval.
Utah 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 Utah Tax Commission 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 Utah Tax Commission Division of Motor Vehicles regulates vehicle registration in the state, including requirements for vehicles with missing titles. Your Utah certificate of title bond must be filed for vehicle registration within 30 days of issuance.
A Utah motor vehicle title bond is required if you have insufficient ownership documentation. If plan to sell vehicles, a separate Utah motor vehicle dealer bond is required.
As a bonded title applicant, the Utah State Tax Commission Division of Motor Vehicles will provide you with a letter confirming a surety bond is required for vehicle registration. The required bond amount will be calculated as 2 times the National Automobile Dealers Association (NADA) appraisal for vehicles valued over $3,000. If you need help determining your exact required bond amount, contact the Utah DMV before purchasing your 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 Utah Tax Commission requires your surety bond documentation to be updated for any reason, contact your surety bond insurance company.
The most common changes for these bonds include updating the vehicle owner’s name or vehicle information.
Utah bonded titles do not renew. They remain valid for 7 years from the effective date.
To avoid claims made against lost vehicle title bonds, individuals should only seek a bonded title for vehicles purchased or otherwise acquired legally.
To apply for a bonded title, complete the following steps:
Documents can be emailed to dmvmsu@utah.gov or mailed to the address below.
DMV/Miscellaneous Services
210 N. 1950 W
Salt Lake City, UT 84134
In Utah, bonded title applicants should submit the completed bond form, including the power of attorney, to their local DMV office. The Utah 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:
Utah 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 twice the vehicle’s fair market value.
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