Lost Title Surety Bond
A Lost Title surety bond is a bond required by state departments of motor vehicles when a person attempts to register a vehicle with a lost or defective title. This happens when a person purchases a vehicle from a seller with a bill of sale and fails to obtain a properly-endorsed vehicle title. When the buyer applies with the state to transfer the title, the state cannot accept the bill of sale. The only recourse to licensing the vehicle in the buyer's name is to require them to post a lost or defective title bond that guarantees damages up to the bond limit for a legitimate title holder that may surface in the future with a valid claim to the vehicle. These are also known as Defective Title surety bonds.
Alpha Surety is a nationwide surety bond broker offering simple, fast solutions for all types of surety bonding in all 50 states. We offer our customers extremely competitive pricing with multiple national carriers as well as world class support. For a free consultation about your surety bonding needs, please call 510-435-8425 or contact us. Or, to apply for a free quote, please complete our surety bond application.
