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Submit the following documents when you apply for a title without the standard ownership documents: You can submit a bill of sale, receipt or canceled a check. Submit a written appraisal of the vehicles current wholesale value for a licensed vehicle dealer. Pay the application fee.
A bond is required when standard ownership documents (i.e., assigned title) cannot be surrendered with an Application for Certificate of Title (625 ILCS 5/3-109).
Therefore, a bond worth $5,000 might cost between $250 and $750. Whilst the cost of bonds is often higher for applicants with bad credit, Lance Surety Bonds specializes in helping customers access the best-value bonds possible.
How Do I Get a Bonded Title? Submit any evidence you have of your ownership of the vehicle, such as a bill of sale. Obtain the vehicles current wholesale value from an authorized source. Purchase an Illinois title bond in an amount equal to 1 times the vehicles value. Complete a Motor Vehicle Use Tax Return.
You Must Have a Car Title. All vehicles in the state of Illinois require a Certificate of Title whether or not they are registered.

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$29 Notary Surety Bond. $10 Illinois State Filing Fee. $5 Application Processing Fee.
The exact cost will vary depending on the surety bond amount required by the Illinois Secretary of State Vehicle Services Department. Bond amounts up to $5,000 cost just $100. Bond amounts from $5,001 to $50,000 cost $10 for every $1,000 of coverage, starting at $100.
For that, you have to fill the form 205 (R10 / 11-18) like they would buy a vehicle without knowing the seller, or if there is none. The purchasers must swear that they couldnt contact the vehicles or relics owner. For that, they should ask the DMV to track original owners down using the VIN or the license plates.
$29 Notary Surety Bond. $10 Illinois State Filing Fee. $5 Application Processing Fee.
Submit Application In-person at a Secretary of State facility. For More Information or to Request an Application Form Call toll-free in Illinois (800) 252-8980 Chicago (312) 793-1010; or Springfield (217) 782-6306.

Related links

Ill. Admin. Code tit. 83, 451.50 - License or Permit Bond

a) The applicant shall execute and maintain a license or permit bond issued by a qualifying surety or insurance company authorized to transact business in

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PennDOT Form MV-374

This bond is effective beginning the date entered above, for a period of twelve (12) months and shall automatically renew for successive twelve month period(s)

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Security Bond for Registration Without Certificate of Title

(Give complete name and address. If corporation, give state where incorporated and principal office in State of Illinois.) as Principal, and------

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