Colorado Motor Vehicle Certificate of Title Surety Bonds
If you do not have acceptable evidence of ownership for your Motor Vehicle, Boat, Motor Home, Mobile Home, Motorcycle or other titled property, you have the ability to provide the State of Colorado with a Certificate of Title Surety Bond in order to get a new title so you can register your vehicle. The process will allow you to get your vehicle titled with the designation of Bonded Title for 3 years, at that time the title will be switched to a standard title. Colorado requires your certificate of Title Bond to be for 2X the amount of the appraisal. Please see the requirements listed below.
So if your current title is Illegible, Lost, Stolen, Mutilated, Altered or you simply do not have one, you can apply for a bonded title.
How to apply for your CO Bonded Title
- Step 1: Get your vehicle inspected by a Colorado law enforcement officer and have them complete the required Certified VIN Inspection Form.
- Step 2: Request a Colorado Title Record Search at your local DMV office. Getting a record search will show all previous records associated with the vehicle including prior owners and liens. The vehicle must be free of any liens as you cannot secure a CO Certificate of Title if there are have unpaid liens on your vehicle.
- Step 3: Determine the appraised value of your vehicle by one of these manners:
- Step 4: Apply for and purchase a Colorado Certificate of Title Bond. (bond amount must be 2 X the appraisal amount
What does a Title Bond do?
The Certificate of Title bond provides security in the event that a title issue arises within the 3 year term of the bond and provides a monetary recourse to anyone that had legal right to the title.
How much does a Certificate of Title Surety Bond Cost?
The cost of these bonds is typically 1.5% of the surety bond amount. The bond amount is determined by the value of the vehicle according to your local DMV or a nationally recognized rating agency. This premium will cover the bond for the required 3 year term.
How do I get a Certificate of Title Surety Bond?
A1SuretyBonds.com has simplified the process of getting you bonded. Our online application process takes less than 2 minutes to complete and once we receive payment, your bond is issued and sent out to you the same day. All you need to apply is:
Your name and home address
The Specific vehicles Year, Make, Model, Serial/Vin #
Value of the vehicle / amount of the bond required