What is a bonded title in Missouri?
A Missouri bonded title is a standard certificate of title with a surety bond attached to it. The surety bond is called a title bond and allows you to claim ownership of a vehicle without a title. The bond also protects prior and future owners, along with the state of Missouri – in case you end up not being the valid owner.
If someone files a valid claim on your surety bond, your surety will cover the costs involved upfront. You must then repay them in full for any money they paid for you.
What’s a Missouri duplicate title?
A duplicate title is different from a bonded title. If you lost or ruined the original title registered in your name, you may need a duplicate title. Follow the process outlined on the Missouri Department of Revenue website to apply.
Get Your Missouri Title Bond:
- A Missouri bonded title is a standard certificate of title with a surety bond attached to it.
- The surety bond (called a title bond) allows you to claim ownership of a vehicle without a title.
- To be eligible for a Missouri bonded title, your vehicle must be at least seven years old and be worth $3,000 or less.
- These title bonds are quickly issued, typically cost $100, and have a 3-year bond period.
Who needs a bonded title in Missouri?
If you never received a certificate of title when you purchased or inherited your car, you may need a bonded title. You could also need one if your title was lost or stolen before you had a chance to get it registered in your name.
To be eligible for a Missouri bonded title, your vehicle must be at least seven years old and be worth $3,000 or less (see page 10 of the Miscellaneous Titling Information document). No record of a prior application for a vehicle title may exist.
How do I get a Missouri bonded title?
Remember that your vehicle must be at least seven years old and worth no more than $3,000 for you to qualify for a bonded title. Additionally, no prior record of application for title may exist. Contact a local DMV to confirm these details. If you meet each of the Missouri bonded title requirements, proceed with this process.
1. Fill out an application.
Complete an Application for Missouri Title and License with the Department of Revenue.
2. Collect and complete all required documentation.
Include the following documents with your application:
- A statement that explains how you acquired your vehicle and why you can’t prove ownership without a bonded title
- All evidence of ownership that you possess
- Title verification from a previous state (if known)
- Notarized lien release (if any lienholders exist)
- Vehicle Examination Certificate (from the Missouri State Highway Patrol or St. Louis City or County Auto Theft Unit (cost is $25))
- Odometer Disclosure Statement (unless your vehicle is exempt)
3. Get a title bond.
You can get a Missouri title bond from a qualified surety bond provider like ZipBonds. Your bond must be equal to twice the value of your vehicle. Use the NADA Used Car Guide or Kelley Blue Book, or get two appraisals from a licensed motor vehicle dealer in Missouri to determine your car’s value.
Title bonds cost $100 and can be issued and printed instantly. The bond will be active for three years and then expire (if no one files a claim against it).
- Return Title Slip: Exhibit C
4. Submit your complete application.
Compile all the documentation listed in the previous steps, and then submit it to the nearest Missouri Department of Revenue Motor Vehicle Bureau office. The application fees (duplicate title and processing fees) will amount to $11 in total.
Once your application is approved, you will receive a title that’s branded “bonded vehicle” from the Director of Revenue. The approval process takes approximately 30 days.
Missouri title bonds are quickly issued, typically cost $100, and have a 3-year bond period. After the bond expires, there is no requirement for the bond. You will be eligible for a standard certificate of title – removing the brand from the title – if no one files a claim against your bond.
Get a Title Bond in Missouri
The experts at ZipBonds can help you obtain the bond you need. To connect with one of our team members, please give us a call at 888-435-4191 or email us at firstname.lastname@example.org. We’ll walk you through the process for title bonds to help you get bonded in a flash.
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.