Do you have a car in Missouri, but no title? Maybe you recently bought a vehicle, but never received the title, or maybe you received a title, but lost it before registering it in your name. If this sounds like you, you aren't stuck. You can get a Missouri Bonded Title.
What is a Missouri Bonded Title?
A Missouri Bonded Title (also known as a Missouri Certificate of Title, Missouri Lost Title Bond, or Missouri Defective Title Bond) is a document that proves you own your vehicle. An MO Bonded Title looks just like a regular title except it is marked 'bonded.'
A bonded title is just like a regular title, except it is marked "bonded". Maybe you have heard of a "salvage title" or a "rebuilt title". A bonded title is one of the same. A bonded title is a regular title that has a surety bond attached to it.
When you get 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 pay the person a fair amount. It would then be your responsibility to repay the surety.
When You Need a Missouri 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, and lost the title*
*You do not need an MO Bonded Title if you had the original title registered in your name at one point in time. In this instance, you can simply get a duplicate/replacement title. Application must be notarized and indicate why a duplicate title is needed. The fee for a duplicate/replacement title is $8.50 plus a $2.50 processing fee. Send application to your local Missouri license office or to the Motor Vehicle Bureau, 301 West High Street, Room 370, PO Box 100, Jefferson City MO 65105-0100
How to get a Missouri Bonded Title
Step #1: Meet requirements
- Vehicle must be at least 7 years old
- Vehicle cannot be worth more than $3,000
- There must be no record of any prior application for title on the motor vehicle
Check with your local DMV before starting this process to make sure you are eligible for a bonded title.
Step #2: Buy a Form 551 (Vehicle Examination Certificate)
Buy your Vehicle Examination Certificate from your local Missouri license office or print out online. The form must be completed by a Missouri state highway patrol officer or other law enforcement agent. The cost for a vehicle examination is $25.
Step #3: Get vehicle appraised
Missouri approves Kelly Blue Book or NADA Guides to determine the value of your vehicle.You can also get your car appraised by 2 seperate licensed motor vehicle dealers. You need the value of your vehicle to complete Step #4.
Step #4: Purchase Missouri Lost Title Bond
You will need to contact a surety bond company to get a Missouri Lost Title Bond. In Missouri, your MO Lost Title Bond needs to be in the amount of 2 times the value of your vehicle. For example, if your car is worth $4,000 then you’ll need to secure a $8,000 Missouri Lost Title Bond.
Getting a bond can be expensive, but it doesn't have to be. At Surety Solutions, if Missouri Lost Title Bond amount is $6,600 or less, then we can get you bonded for just $100. The best part? You can apply online for your bond and get approved that same day.
Before you purchase your title bond - learn important payment info
Step #5: Complete title application
Step #6: Take all paperwork to local license office
The license office might also require you to have with you a bill of sale and a notarized statement of facts (a paper indicating how you came into possession of the vehicle and why you have no title). They might also require an odometer statement certifying the odometer reading of your vehicle if your vehicle is less than 10 years old.
Once you have satisfied all the above requirements and paid the $11 titling fee, you will be issued a Missouri Bonded Title.
Does my Missouri Bonded Title Expire?
Yes, MO Bonded Titles expire 3 years after the date they are issued. If no one comes forward and makes a claim on your Missouri Lost Title Bond during those 3 years, then you will be issued a standard certificate of title.