#Nc dmv duplicate title how to#
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If you fail to satisfy the claim, the surety company would satisfy the claim for you. The surety company would determine what is fair.

Usually, this would mean a financial compensation. If the claim is determined to be valid, you would be responsible for satisfying the claim. If someone comes forward later on and says that they are the owner of the vehicle and that you should not have been granted a bonded title, they can make a claim on your bond. The bond is in place to protect the DMV and any previous owners of the vehicle. When you get a bonded title, you are promising that you are the true owner of the vehicle. If the DMV approves your request, you will be issued a clear certificate of title. If no one comes forward and makes a claim on your North Carolina Lost Title Bond during those 3 years, you (or whoever owns the vehicle at the time) can go apply for the brand to be removed from the title. This means the “bonded” brand remains on the title for 3 years. NC Bonded Titles expire 3 years after the date they are issued. If your paperwork is approved, you will be issued an NC Bonded Title.ĭoes my North Carolina Bonded Title Expire?

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Submit the paperwork listed in Step #2 plus your North Carolina Lost Title Bond to your local DMV. Once you purchase your Lost Title Bond, the surety company will mail it to you. Surety Solutions, A Gallagher Company does not issue Certificate of Lost Title Bondsīefore you purchase your title bond – learn important payment info Most people only pay $100 for their bond. You won’t need to pay the entire bond amount. Make sure you apply for the correct bond amount, which you determined in Step #5. Purchase a bond from a surety bond company. Step #6: Purchase North Carolina Lost Title Bond Multiply your vehicle value by 1.5 to get your bond amount.įor example, if your car is appraised at $2,000 then your bond amount will need to be $3,000.Ĭalculate your bond amount, then move on to the next step. Your bond amount needs to be 1.5 times the value of your vehicle, which you determined in Step #4.

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Step #4: Determine the value of your vehicleĭo this either by the current Value Schedule, which you can get at any license plate agency or by calling the North Carolina DMV Customer Service Contact Center at 91. Keep this form, as you will need it to apply for your NC Bonded Title. Upon inspection, they will give you a completed inspection form. Inspections should be done by a North Carolina DMV License & Theft Bureau Inspector.

Affidavit of Facts to Accompany Indemnity Bond.

The following forms are needed to apply for a Bonded Title in NC: Step #2: Complete all documentsĭocuments can found online at the DMV website of North Carolina or you can get a printed copy at your local DMV. While we list some common situations that might be eligible for a bonded title, your local DMV is the only entity that can say for sure if you can get a bonded title.Ĭall them and explain your situation and ask “Can I get a bonded title?”

#Nc dmv duplicate title how to#

How to get a North Carolina Bonded Title Step #1: Check to make sure you are eligibleĬheck with your local DMV before starting this process. Not sure if you need a NC Bonded Title? Check out this awesome infographic. *If the title was in your name, you can simply get a Duplicate Certificate of Title and pay the replacement title fee.

You bought/received a car, received the title, but lost it before transferring it into your name*.

You bought/received a car and received an improperly assigned title/damaged/unlegible title.

You bought/received a car and only received a bill of sale.

You bought/received a car and never received the title.

You might be eligible for a NC Bonded Title in, but not limited to, any of these instances: When You Need a North Carolina Bonded Title You can learn more about what it means to be bonded at the end of the article. The surety bond is in place to protect the DMV and any previous owners of the vehicle. This is why they require you to purchase a surety bond first. They want to protect themselves should it turn out later that you shouldn’t have been granted a title. Since you do not have the title to your vehicle, the DMV is not just going to magically issue you a title.

You can do anything with a bonded title that you can do with a regular title: register the vehicle, insure the vehicle, and sell the vehicle. This brand implies there is a surety bond attached to the title. Short on time? Check out our Bonded Title FAQ page.Ī North Carolina Bonded Title is a document that proves you own your vehicle.Ī bonded title is a regular tile that has a title brand. Do you have a car in North Carolina, but no title? If you have a lost title, or if you’ve been a victim of title jumping, you might be able to get a North Carolina Bonded Title.