In the absence of the regularly required supporting evidence of ownership upon application for registration or transfer of a vehicle, the department may accept an undertaking or bond which shall be conditioned to protect the department and all officers and employees thereof and any subsequent purchaser of the vehicle, any person acquiring a lien or security interest thereon, or the successor in interest of such purchaser or person against any loss or damage on account of any defect in or undisclosed claim upon the right, title, and interest of the applicant or other person in and to the vehicle.ĬA Vehicle Code Section 4307. Motor Vehicle Ownership Surety Bond - Required per sections 41 of the California Vehicle CodeĬA Vehicle Code Section 4157. Please note: Bonds cannot be processed until we receive the required documentation and payment.
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HOW TO SEND US THE REQUIRED DOCUMENTATION
Vehicle/Vessel Transfer and Reassignment form REG262 OR Bill of Sale form REG 135.Fax, email, file upload or text us the following required documentation as proof of ownership.If the value of the vehicle is greater than $5,000, email us the bond amount and documentation and we will send you a premium quote. If the value of the vehicle is $5,000 or less, complete the bond information on the order page.Bonds are processed upon receipt of payment and the required documentation.Foreign vehicles: if the bond amount is greater than $15,000, we will need a completed and signed bond application.California vehicles: if the amount of the bond is greater than $25,000, we will need a completed and signed bond application.If the value of the vehicle is greater than $5,000, we will calculate the premium and email you a payment link.If the value of the vehicle is less than $5,000, the premium will be $50 and you can pay online now.The rate is $10 per $1,000 bonded, with a $50 minimum premium.The Undocumented Vessel Surety Bond (REG 5058) is used for vessels if proof of ownership cannot be provided and the vessel's value is $2,000 or more. T his bond has several different names including Defective Title Bond, Lost Title Bond, Certificate of Title Bond or Motor Vehicle Ownership Surety Bond (REG 5057).
It is commonly used when the original vehicle title has been lost, misplaced, destroyed, or was not received by the buyer. The motor vehicle title bond is required to register or transfer a vehicle when evidence of ownership is not available.
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