What is the purpose of a Colorado Certificate of Title Bond?
If you own a vehicle in Colorado, but you do not have any acceptable evidence that you own it, you will need to get a Colorado Certificate of Title Bond.
In order to obtain this bond, you will need to follow the directions set forth by the Colorado Department of Revenue. This includes getting the the motor vehicle inspected with a P.O.S.T. inspector (with form DR 2704), filing requests for a Motor Vehicle Record Search (form DR 2489A) and a CO Title Record Search (form DR 2539), and establishing a reasonable value of the vehicle using price guide books or certified appraisal methods.
What is the Bond Amount?
The bond amount should be twice the appraised value as shown on the appraisal for a motor vehicle or twice the actual value determined by the county assessor’s records for a manufactured home. If the vehicle is valued at $1,000 for example, the bond amount required would be $2,000. The minimum bond amount accepted by the Colorado Department of Revenue is $400.
(Note: the price to obtain this bond is only a small percentage of the bond amount)
It is important you check this bond amount with your local DMV before applying for your bond. Surety companies cannot provide this information, as the bond amount will be specific to the vehicle.
Where can I get a Colorado Certificate of Title Bond?
Surety1 can easily get you the bond that you need.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been in the business since 2003. We are licensed in all 50 states and our services have earned an A+ rating from the Better Business Bureau.