How much does a certificate of title bond cost in Nebraska?
The Nebraska Department of Motor Vehicles requires that individuals who own a motor vehicle or motorboat and have a missing or invalid title post a surety bond. Before coming to SuretyBonds.com, applicants must know their required bond amount, which will be twice the appraised value of the vehicle. Typically, applicants can have their vehicles appraised at their local DMV office.
SuretyBonds.com offers 3- year Nebraska certificate of title surety bonds for varying prices depending on the required bond amount. Applicants for bonds in amounts less than $6,000 will pay just $100 - no credit check required! Bonds between $6,000 and $25,000 will also be issued without a credit check, but for $15 per every $1,000 of the required bond amount. Bonds in amounts greater than $25,000 are subject to underwriting consideration.
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Why do I need this bond?
Nebraska certificate of title surety bonds for vehicles are required under the provisions of Nebraska Revised Statutes 60-167, and Nebraska certificate of title bonds for motorboats are required under the provisions of Nebraska Revised Statutes 37-1278.01. The Department of Motor Vehicles requires these bonds before a certificate of title is issued.
The bond indemnifies any prior owner and lienholder and any subsequent purchaser of the motorboat/vehicle in question or person acquiring any security interest in it and their successors in interest against any expense, loss or damage, including reasonable attorney’s fees, incurred by the issuance of the certificate of title of the vehicle/motorboat.
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Please note that this bond is required if you have lost or obtain insufficient evidence of proper ownership of your vehicle. If you are planning to sell cars and other vehicles, a Nebraska motor vehicle dealer bond is required.
What’s the fine print?
For motorboat certificate of title bonds, the boat’s make, year, model, hull identification number, hull length and hull material must be listed on the bond form. For vehicle certificate of title bonds, the vehicle’s make, year model, model, vehicle identification number and body type must be listed on the bond form.
The bond remains in full force and effect for 3 years from the date of issuance.
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