Missouri Title Service Bond Guide
If you’re registering a title service business in Missouri, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure title service providers uphold state regulations
- Who Needs It: Businesses providing title services in Missouri
- Regulating Body: The Missouri Department of Revenue
- Required Coverage: $25,000
- Premium Rate: Credit-based, typically $250–$500
Learn all about the bond requirements and process in this guide.
What Is a Missouri Title Service Bond?
A Missouri title service bond protects vehicle owners from fraudulent or negligent title service practices.
The Missouri Department of Revenue requires a $25,000 bond to register a title service business in the state.
How Much Do Title Service Bonds Cost?
Missouri title service bonds cost a small percentage of the coverage amount, typically $250–$500.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Title Service Bond?
The Missouri Department of Revenue requires this bond as part of the registration process for all title service licensees.
Alternatively, you can submit a letter of credit. However, a surety bond is typically the most affordable option, requiring only a small upfront premium and no collateral.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Missouri title service bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the Missouri DOR as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Missouri Title Service Bond Work?
A title service bond creates a legal contract between these three parties:
- Principal: You, the title service business filing the bond
- Obligee: The Missouri Department of Revenue requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Missouri Revised Statutes § 301.112 to 301.119.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your title service bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.