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How much does a Maine motor vehicle title bond cost?
Maine certificate of title bond costs start at $100. Your personal premium will vary depending on the surety bond amount required by the Maine Bureau of Motor Vehicles.
- Bond amounts up to $6,000 cost $100.
- Bond amounts from $6,001 to $50,000 cost $15 for every $1,000 of coverage, starting at $100.
- Bond amounts for more than $50,000 must be reviewed by an underwriter for pricing, starting at $750.
How do I get a motor vehicle title bond in Maine?
You can purchase your Maine motor vehicle title bond online 24/7. You must provide the following information for Bureau of Motor Vehicle approval.
- vehicle owner's name
- vehicle identification number (VIN)
Once your payment has been processed, you'll receive your official motor vehicle title bond by email instantly.
How fast can I get a certificate of title bond?
SuretyBonds.com offers instant Maine motor vehicle title bond delivery 24/7. Purchase now to receive your official Maine surety bond delivered in minutes by email.
*Note: If your bond amount is higher than $50,000, your purchase order will be reviewed by a team member before your documents are emailed.
What is a Maine title bond?
Maine Revised Statute §659 requires a title surety bond be provided for vehicles without satisfactory ownership documentation. By filing a Maine motor vehicle title bond, an individual who lacks sufficient ownership evidence can get a bonded title for their vehicle. In Maine these bonds are officially called a "Motor Vehicle Title Surety Bond," but they're more commonly known as a "certificate of title surety bond" or "lost title bond."
This bond specifically protects previous or future owners or lien holders against expenses, losses, or damages resulting from the certificate of title issuance. If the original car title is found and a claim is made against the bond, the surety company will pay valid claims up to the full bond amount. The bonded vehicle owner must then reimburse the surety company.
Who registers vehicles in Maine?
The Maine Secretary of State Bureau of Motor Vehicles enforces requirements for vehicle title registration, including the requirement that the lost title bond amount be 1.5 times the vehicle's value. If you need help determining your exact required bond amount, contact the SOS before purchasing your bond. Bonds must be submitted to the Bureau of Motor Vehicles within 30 days of issuance.
Where can you get a Maine vehicle title bond?
You can purchase your Maine title bond online 24/7. SuretyBonds.com offers a completely digital process that allows you to purchase in minutes and receive your bond documents digitally.
The Maine lost title bond is for vehicles missing titles for vehicle registration. If you plan to sell vehicles, you'll need a separate Maine motor vehicle dealer bond.
How do I update or change my title bond form?
If the Maine Secretary of State requires you to update your surety bond documentation for any reason, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change.
The most common changes for this bond can include the following.
- vehicle owner's name
- vehicle information
Do I need to renew my vehicle title bond?
Maine motor vehicle title bonds are issued for 3 years and don't renew. At the end of the state-issued 3-year term, the Bureau of Motor Vehicles will return the bond if the vehicle is no longer registered in the state and the current title has been provided.
How do I get a Maine bonded title?
You cannot get a bonded title in Maine if:
- the vehicle has an open lien
- the vehicle was made in 1994 or before
- a company is listed on the title
Complete the steps below to receive your bonded title.
- Complete Maine Certificate of Title application.
- Pay your application fees.
- Purchase and file your Maine surety bond.