Form HSMV82033 Title Surety Bond for a Motor Vehicle - Florida 2025

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The document is a Title Surety Bond for a motor vehicle in the State of Florida, outlining the obligations of the Principal and Surety Company to indemnify prior owners, lienholders, and subsequent purchasers against any losses related to the issuance of a vehicle title. It specifies conditions under which the bond remains valid, including compliance with Florida Statute 319.23(7), and details regarding execution and liability.

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How to fill out Florida Form HSMv 82040?

How to Fill Out a Surety Bond Form Bond Number. The bond number is the unique identification number assigned to your bond. Bond Premium. This is the cost of your bond, typically calculated as a percentage of your bond coverage. Principal Name. Surety Name. State of Incorporation. Obligee Name. Bond Amount. Bond Obligation.

How much does a $5000 surety bond cost?

Contract Surety Bonds The contractor, through a surety bond producer, obtains a surety bond from a surety company. If the contractor defaults, the surety company is obligated to find another contractor to complete the contract or compensate the project owner for the financial loss incurred.

What is a surety bond for a car title in Florida?

This type of surety bond protects against items such as undisclosed security interests or cases where a duplicate title has been issued. Title Bonds are issued for 3 years in Florida. Title Bonds in Florida must be requested in an amount equal to 2 times the appraised value of the vehicle.

How does surety bond work for dummies?

Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Bad Credit (599 and below) $20,000 $200 - $600 $1,000 - $2,000 $25,000 $250 - $750 $1,250 - $2,500 $30,000 $300 - $900 $1,500 - $3,0007 more rows

How do I fill out a surety bond form?

To get a bonded title in Florida, complete the following steps. Fill out Part A of the Vehicle Identification Number and Odometer Verification form. Get your vehicle inspected; fill out Part B of the form. Purchase a Florida certificate of title bond. Complete the title application and affidavit.

florida auto registration surety bond

How hard is it to get a bonded title in Florida Florida DMV form 82040 Florida dmv AFFIDAVIT FORM Florida DMV power of attorney form 82053 Florida DMV forms How long does it take to get a bonded title in Florida Florida dmv bonded title General AFFIDAVIT form Florida dmv

What is an example of a surety bond?

For applicants with good credit, surety bonds usually cost between 1% and 5% of their value. Therefore, for a surety bond of $5,000, an applicant with a strong credit history can expect to pay between $50 and $250.