What is a Bonded Title in Texas?
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- Опубликовано: 20 июл 2024
- Texas has a pretty complicated process to getting a bonded title. This video (sorry it's so long) is going to break down the steps and paperwork you need to make getting a bonded title easy and fast. Check the video timestamps below to skip around. And when you need to purchase the title bond, visit Surety Bonds Direct. #suretybond #insurance #titlebond #texas #texasdmv
Video Timestamps:
00:24 - Video agenda
00:39 - What is a bonded title?
01:04 - When do you need a title bond?
01:30 - Why are surety bonds used for title bonds?
01:41 - What does a title bond protect?
02:12 - The title bond waiting period
02:33 - How to purchase a Texas title bond
02:57 - The initial review and application
03:06 - Step 1: Show evidence of ownership
03:26 - Find the vehicle value with the Standard Presumptive Value
03:43 - Find the vehicle value with the National Auto Dealers Association
03:58 - Find the vehicle value by getting an appraised value
4:23 - The Texas title bond value equation
4:34 - Step 2: Purchase the Texas title bond
5:21 - Texas title bond price examples
6:01 - Step 3: Register the vehicle
7:08 - Recap on how to get a Texas title bond
📖💵 Texas Title Bond Page
www.suretybondsdirect.com/sur...
✅ Step 1: Bonded Title Application
www.txdmv.gov/motorists/buyin...
The Tax Collector Hearing form is on this page too.
📳 Standard Presumptive Value Calculator
www.txdmv.gov/standard-presum...
📳 National Auto Dealer Association
www.nada.org/nada/consumer-ve...
📖 Learn what a surety bond is.
• What Is a Surety Bond ...
📖 How long does it take to get a surety bond?
• How Long Does It Take ...
📖 Read our full article about what a surety bond is.
www.suretybondsdirect.com/edu...
📚 Learn more about surety bonds and the specific type of bond you require on our blog.
www.suretybondsdirect.com/blog
🔍 Find the specific bond you required using our real time bond search form.
www.suretybondsdirect.com/sur...
💵 Get a free bond quote and know the exact cost of your specific bond.
www.suretybondsdirect.com/quo...
We have bond specialists ready to help you.
Call us at 1-800-608-9950
Get more information about surety bonds and business licensing requirements.
Twitter: / directbonds
LinkedIn: / admin
Facebook: / suretybondsdirect
![Lost title? [Here's how to get a bonded title in Texas.]](http://i.ytimg.com/vi/9U5nUVbJxjk/mqdefault.jpg)
What if the guy who sold me the vehicle didn't have his name on the title? He bought it but never put the title with his name.
Would this apply? What would be the cons?
Yes this still applies but this situation is a little more dangerous. What you have is called a floated or jumped title. This is very common. I would think the only thing you have to worry about is ensuring the title is not a fake.
Because you and the person you're getting the vehicle from - technically - don't know who the owner is.
But as long as you're confident you can say the vehicle is now yours... the process stays the same and you can get a title bond easy.
Start with the Notice of Determination and Texas will do a lien check on the vehicle for you.
Let me know if you have any other questions.
I've worked out a deal with a friend that, after fixing the suspension, he would let me have his friend's truck since he's not going to be driving it ever again. It has a running engine and drives, but the previous owner did not have the title before giving it to my friend. The value should default to $4,000 since it is a 90s model, so my question is this;
When the bond is set to the value of the vehicle (in this case $6,000 since that's 1.5x the value) is the cost of the bonded title for me going to be that amount or $150 as a flat rate? I'd hate to have put in all that work just to end up buying a title for twice the speculative value of the darn thing, but $150 isn't unreasonable.
You are correct... IF the value is going to be less than $6,500 your bond will be $150 for the 3 year period.
However... I can't speak to the value. You can use this to check the value...
www.txdmv.gov/standard-presumptive-calculator
This is what the tax office will use when you go get the notice of determination.
Hi I guess it’s the same process for motorcycle right? Well i have 68A inspection i have insurance for the bike. (Step 1 is to submit bonded title application and Step 2 get the notice of determination). Where to apply and get the notice letter? Please help
Yes. It is the same for a motorcycle. You are correct get your Notice of Determination because that will have the value of the bond you need to purchase. Then you can purchase your bond and take the bond with the NOD back to the tax office and get your bonded title.
www.txdmv.gov/motorists/buying-or-selling-a-vehicle/bought-a-vehicle-with-no-title
There you will find the initial application.
Does this apply to a jon boats as well? What if I don’t see a vin number
I do not know. Sorry. What I would do is call your local tax office and double check with them.
I know that answer is annoying. But it's one of those things where it depends. We've sold bonds for jon boats in some states.
If you find out... respond back and let me know!
What if I don’t have bill of sale and also can’t contact the previous owner
Go through the process anyway.
Just be sure that the previous owner won't come back and make a claim on the vehicle. If you're sure of this... you should be okay.
But again... the process will remain the same. Start with the notice of determination and go from there. When you get the value of the vehicle, we'll help with the bond.
If the car has never had a Texas title. Do I need to get a VTR68A inspection?
Have you gotten your Notice of Determination yet? I can't be 100% sure... but they will tell you if your vehicle needs an inspection. So go get your Notice of Determination and the state will tell you what to do next.
So I bought a motorcycle from a guy today. The title I have in hand says bonded 2013. It was sold to John Doe 2/24 and he signed back with date and all his info but never transferred to his name. When I bought it I made him sign date and info. And I did same so all info is done. Question is since John Doe never put in his name do I need to get another title bond or can I get a regular title?
Good question! My first thought would be you will need to get a new bonded title because of the gap in ownership and the fact that the current bonded title "ended" in 2016.
However... let me check with some of my colleagues to make sure. I'll response again before lunch today.
Yes. I'm 99% sure you will need a new bonded title and a new 3 year term. There are two reasons for this...
One... the guy who sold you the bike has not been paying taxes on it otherwise he would of had a standard title issued.
Two... you need to make sure there are no tax liens on the bike. It sounds like there might be.
Of course go start the process and get your notice of determination. They may instruct you different.
If they do, I would love to hear what they say.
Hello, I have my uncle's car and he passed away in a trailer fire. I have had possession of the car and keys for over a year. My cousin had given me the keys. I do not have the title. Would I be able to get a bonded title for this car and make it driveable or is it gonna sit forever? I need to get it back on the road. Thank you
Sorry to hear about your loss. It sounds like this car is not running or runnable in it's current state? If this is the case it seems like a salvaged car. Here's a link to help you get started:
www.suretybondsdirect.com/surety-bond/certificate-of-title-bond/tx#:~:text=Do%20You%20Have%20a%20Salvaged%20Vehicle
I think you should be able to get this car titled. But start with the above and take it one step at a time.
@@suretybondsdirect The car does run, I appreciate it!
What if it’s an RV?
Same rules apply!