The Arizona Motor Vehicle Bonded Title Bond is a type of surety bond required by the Arizona Division of Motor Vehicles when the title of a vehicle you purchased is lien free and the seller cannot or will not provide title. CHECK WITH YOUR MVD BEFORE APPLYING FOR THE BOND. The state of Arizona Department of Motor Vehicles will determine your vehicle’s value and provide you with the required bond amount as the first step in obtaining a bonded title. The amount of the Arizona Motor Vehicle Bonded Title Bond is 1.5 times the value of the vehicle or mobile home. The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.
The bond is sometimes referred to as a Defective Title Bond or Lost Title Bond or Bonded Title Bond.
How to get an Arizona Motor Vehicle Bonded Title Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Arizona Motor Vehicle Bonded Title Bond will be shipped to the bond applicant. 1 -This bond is “instant issue” in amounts under $10,000. this means you will receive an instant quote after submitting the application and have the option to purchase the bond.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.
What is the purpose of the Surety Bond?
There are several reasons when you might need a Arizona Motor Vehicle Bonded Title Surety Bond. If you’ve bought a car, but not received the title, or the title was not assigned properly, or you only obtained a bill of sale or the title was damaged or lost before it could be transferred to your name. You may need to apply for a Bonded Title. See the required steps below to obtain a bonded title.
Step by Step Bonded Title Requirements in Arizona
Step 1 – Obtain the required documents.
- Vehicle Inspection — Tell the inspector that you are applying for a Bonded Title
- Emissions Test — (not applicable for a mobile home) If you live in or commute into the Phoenix or Tucson metropolitan areas and the vehicle registration has expired, you will need an emissions inspection.
- Bond Affidavit — Complete a Bonded Title Affidavit form # 48-1302. Must be notarized unless signed before an MVD agent.
- Title and Lien Searches — Obtain a motor vehicle record search to verify the name and address of the last titled owners and lienholders (if any). The record must be searched on the Vehicle Identification Number (VIN), not the plate number.
- Lien Releases — Obtain a lien release for all liens appearing on any title and lien search, either Arizona or out-of-state. Each release must contain: Vehicle Year, Make, Vehicle Identification Number (VIN).
- Property Tax Clearance — (mobile homes only) Obtain a property tax clearance from the County Assessor.
- Certified Letters — Send a certified letter (Return Receipt Requested) to each of the names and addresses shown on the record searches, and to all other persons involved in the sale of the vehicle. The letters should request that the person take one of the following actions:
- Apply for a title in his or her name, sign it off and send it to you,
- Provide a notarized statement refusing to apply for a title. The statement should include: Vehicle Year, Make, Vehicle Identification Number (VIN)
- Certified Letter Results you Received a Response to Letter
- Title — If you receive a title, a bond may no longer be required. Return to MVD to transfer the title into your name.
- Notarized Statement — If you receive a notarized statement, you do not have to wait for the Return Receipt card.
- No Response to Letter
- Return Receipt — If you receive the Return Receipt card from a certified letter, you must wait 15 business days after the date the receipt card was signed (to allow time for a response), before returning to MVD.
- Unclaimed Letter — If the certified letter is returned to you by the post office as unclaimed, bring the letter unopened.
Step 2 – Bring all documents to the MVD
Bring the results of all the certified letters, and any documents you have related to this matter. If all is in order, the approved documents will be listed for you on an Additional Requirements form, and the bond amount will be set.
Step 3 – Purchase a Arizona Motor Vehicle Bonded Title Bond
After you bring your documents to the MVD, the MVD will provide a you with a value for your vehicle. The bond amount must be 1.5 times that value.
Step 4 – A return Trip to your MVD With All Your Documents
Bring the Arizona motor vehicle bonded title surety bond and all documents, including the Additional Requirements form. If the vehicle inspection form indicates that an Arizona Serial Number is to be issued, bring the vehicle. The agent will review all documents. If all is in order, a new title will be issued to you.