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How To Get A Minnesota Bonded Title

By Crystal Ignatowski on Jul 28, 2017 9:34:00 AM in

Lost Title Bonds

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Have a car in Minnesota with no title? Perhaps you never received a title when you purchased your vehicle, or maybe you never registered the vehicle in your name and lost the title.

If this sounds like you, you aren’t stuck. You can get a Minnesota Bonded Title.

Short on time? Check out our Bonded Title FAQ page

What is a Minnesota Bonded Title?

 

A Minnesota Bonded Title is a document that proves you own your vehicle. It looks just like a regular title except in the title brand section it will say "Bonded".

The "bonded" brand implies there is a surety bond attached to the title.

You can get a MN Bonded Title if you have no proof of ownership and if your vehicle is 6 model years or older.

What does the surety bond do?

When you purchase a surety bond for a bonded title, you are promising that you are the true owner the vehicle. 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.

If the claim is determined to be valid, the surety company would either compensate the claimant for their loss, or return the vehicle to them. If the surety company pays out any money, it is your responsibility to repay the surety.

Still not sure how the bond claim process works? Check out this resource.

 

When you Need a Minnesota Bonded Title:

  • You bought a vehicle and didn’t receive a title
  • You bought a vehicle and only received a bill of sale
  • You bought a vehicle and received an improperly assigned title
  • You bought a vehicle, received, then lost the title*

 

*If you had the title in your name, but lost it, you might be able to simply get a duplicate certificate of title. 

To apply for a Minnesota Duplicate Certificate of Title, complete the Minnesota Duplicate Certificate of Title Application, mail or take the MN DVS central office location, and pay the duplicate title fee ($8.25) and filing fee ($10).

Not sure if you need a Duplicate Title or Bonded Title? Check out this awesome infographic

 

How to get a Minnesota Bonded Title

 

Step #1: Contact DMV to make sure you are eligible

Your local DMV is the only entity that can tell you if you are eligible for a bonded title or not.

Contact your local DMV, explain your situation, and ask if you could get a bonded title.

To qualify, your vehicle must be six model years or older.

If they say you qualify, move on to Step #2. 

 

Step #2: Visit a deputy registar office

Go to your local deputy registrar office and provide your complete vehicle description, including your VIN number.

The deputy will:

  • provide you with an Affidavit Regarding Due Diligence Form. You must complete this form and get it notarized.
  • provide you with a Defective Title Bond form - needed for step #3
  • determine the amount of your vehicle - needed for Step #3

 

Step #3: Take bond form to surety bond company and purchase surety bond

You will need to purchase a surety bond from a surety bond company (like us). When applying for your bond, make sure you apply for the correct bond amount.

Your bond amount will need to be 1.5x the value of your vehicle (the the deputy determined the value of your vehicle in Step #2).  

You do not need to pay the full bond amount to get your bond. Most people only pay $100 for their bond.

To see what you'd pay for a bond, get a free quote below:

Get a Minnesota Bonded Title

 

The surety bond company will mail your Minnesota lost title bond to you in the mail.

 

Step #4: Return to deputy registrar and apply for bonded title

To receive the actual bonded title, provide the following to your local deputy registrar office:

Upon approval of your paperwork (and payment of any title/registration fees), the registrar will issue you a Minnesota bonded title.

For questions about the process, visit the Minnesota DPS bonded title page.

 

Does my Minnesota Bonded Title Expire?

 

Yes. In Minnesota, MN Bonded Titles expire 3 years from their effective date.

If no one comes forward during those 3 years and makes a claim against your Minnesota Lost Title Bond, you can go and apply for the "bonded" brand to be removed from the title. 

 

Related links:

4 Reasons You Might Need A Bonded Title

Bonded Titles FAQ

Minnesota Driver and Vehicle Services – Bonded Title