How much does a motor vehicle defective title bond cost in Ohio?
The Ohio Tax Commission requires individuals with defective titles or insufficient evidence of ownership of a motor vehicle to post a surety bond in an amount equal to twice the appraised value of the vehicle. Applicants must verify their required bond amount with the state prior to bonding.
SuretyBonds.com issues these 7-year bonds at varying costs depending on the required bond amount. Bonds for amounts less than $6,000 are issued instantly without a credit check for just $100! Bonds for amounts between $6,000 and $25,000 are also issued instantly without a credit check, but at the rate of $15 per every $1,000 of the required bond amount. Bonds for amounts greater than $25,000 are subject to underwriting.
Ready to find out exactly how much you’ll pay for your bond? Get started now!
|Bond Type||Bond Amount||Cost*|
|Less than $6,000 Motor Vehicle Defective Title or Insufficient Evidence of Ownership Bond||Less than $6,000||$100 for 7 years||Apply Now|
|$6,000-$25,000 Motor Vehicle Defective Title or Insufficient Evidence of Ownership Bond||$6,000-$25,000||$15 for every $1,000 ($100 minimum) of required amount for 7 years||Apply Now|
|Greater than $25,000 Motor Vehicle Defective Title or Insufficient Evidence of Ownership Bond||Greater than $25,000||Subject to Underwriting||Apply Now|
If you’re ready to get the Utah surety bond you need, give us a call at 1 (800) 308-4358 or fill out our easy online contact form.One of our surety experts will contact you right away to walk you through our fast and easy bonding process.
Why do I need this bond?
Motor vehicle defective title or insufficient evidence of ownership bonds in Utah are put in place to indemnify any person, firm or corporation that might establish legal ownership of the vehicle in question at the time of the transfer of the title certificate. The bond serves as coverage for damages sustained or suffered as a result of the issuance of a title certificate for the vehicle.
Don’t get hung up on the confusing details of your surety bond! Let our experts do all of the hard work for you.
What’s the fine print?
Utah certificate of title bonds remain valid for 7 years from the effective date.
The following information is required on the surety bond form:
- the vehicle’s year
- the vehicle’s make
- the vehicle’s model
- the vehicle’s body type
- the vehicle’s vehicle identification number/VIN
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