what is a bonded title in texas

what is a bonded title in texas

1 year ago 42
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A bonded title is a certificate of title with a bond attached that proves that you own your vehicle, and it is issued when the original title is missing or assigned incorrectly. The bonded title procedure is used when you receive incomplete or incorrect evidence of ownership or have lost the evidence of ownership and cannot contact the seller for the necessary documentation. To obtain a bonded title in Texas, you must be a legal Texas resident or a military member stationed in Texas, and you must legally possess the vehicle. The process of obtaining a bonded title involves the following steps:

  1. Download and complete the Texas bonded title application, which requires you to explain why your title is missing and why you’re applying for the bonded title.
  2. Obtain a surety bond that ensures you are the true owner of the vehicle in which you are trying to gain a new title. The bond amount is 1.5 times the value of your car.
  3. Submit the specifics to the nearest county tax office within 30 days of getting your Texas surety bond. The specified documents include a photo ID copy and supporting documents to affirm your title.
  4. Apply for your bonded title by completing the Application for Texas Title and/or Registration within 30 days of purchasing your bond.

The bonded title will be in force for 3-5 years, depending on the specific state. It is important to note that a bonded title does not ensure car ownership and can be challenged. It is almost like a provisional car title and can be contested for a period of time after issuance, typically 3-5 years, depending on the state.

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