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What do I have to do to get a bonded title in Texas?
How to Get a Texas Bonded Title Step 1: Determine Your Eligibility. Step 2: Gather the Required Documents and Information. Step 3: Get Your Vehicle Inspected (For Out of State Vehicles) Step 4: Fill out and Submit the Necessary Documents to the DMV. Step 5: Wait for Approval / Your Vehicle Appraisal.
How much does a Texas bonded title cost?
Texas title bond costs start at $100. The exact cost will vary depending on the surety bond amount required by the Texas Department of Motor Vehicles. Bond amounts up to $6,000 cost just $100. Bond amounts from $6,001 to $50,000 cost $15 for every $1,000 of coverage, starting at $100.
How much does a bonded title cost in Texas?
The process of obtaining the bond is simple; in most cases it can be completed in as little as a day, and only involves a general commercial bond application, a credit check, and payment of premium. Upon paying the premium, the bond company will provide documentation proving you have met the surety bond requirements.
What is needed for a bonded title in Texas?
Issuance of Bonded Vehicle Title: A photo ID copy. Supporting documents to affirm your title claim. Physical inspection statement (VTR-270). The fact of bonded title Texas statement (VTR-130-SOF). Acceptance letter of application. A completed application for Texas Certificate of title (PDF) form 130-U.
What does it mean when a vehicle needs to be bonded?
Bonded title is essentially a title guaranteed by a surety bond ( a type of financial guarantee). A bonded title is the only way for you to get a title when there is no sufficient proof of your ownership of the vehicle.
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