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[Music] in this video we explain what arkansas lost title bonds are and how insurance agents can efficiently obtain them for their customers a loss title bond is a government required surety bond that protects the rightful vehicle owner from financial harm if the title applicant does not actually own the vehicle the limit on the arkansas lost title bond must be equal to one and a half times the vehicles value the bond is required for all vehicle title applicants who do not have adequate proof that they own the vehicle and is regulated by the arkansas commissioner of revenue vehicle owners are required to purchase this bond as a prerequisite to obtaining a bonded title the bond costs either 100 or 1.5 percent of the bond amount whichever is greater to avoid claims against their bond title applicants must ensure that they are the rightful owner of the motor vehicle bond exchange makes obtaining surety bonds easy insurance agents need to simply log into their account and search our datab
