The Illinois Bond for Registration without Certificate of Title is required by the Secretary of State, Vehicle Services Department.
What is the purpose of an Illinois Bond for Registration without Certificate of Title?
When the title of a vehicle is damaged or cannot be produced, they generally request you to obtain a surety bond. The bond does not protect you; it actually protects the Department of Revenue from you, in case someone with the vehicle’s title claims that the vehicle is theirs.
If there is a claim placed on your bond and you are found at fault, the surety company will pay out. However, you will have to pay them back.
How do I apply for a Title with the Secretary of State?
Submit the following documents when you apply for a title without the standard ownership documents:
- You can submit a bill of sale, receipt or canceled a check. If that is not possible, just submit a notarized statement of how you were able to acquire the said vehicle.
- Submit a written appraisal of the vehicle’s current wholesale value for a licensed vehicle dealer. The appraisal must contain a description of the vehicle with the year, make, model and vehicle identification number.
- Pay the application fee.
- Complete a Motor Vehicle Use Tax Return form.
- Submit either a cash bond or a Illinois Bond for Registration with a power of attorney. This bond must be issued by a surety company licensed to operate in the state.
Where can I get a Illinois Bond for Registration without Certificate of Title ?
The bond is very easy to obtain–all we need is a filled out application, and we can get the bond approved for $100 in most cases. Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price! Once you fill out the form, one of our licensed agents will contact you with a no-obligation quote for your bond. After paying the bond premium and signing the agreement, we will send you the bond via USPS Priority Mail. You also have the option of having it sent via overnight delivery, for an additional cost.
Surety1 was established in 2003, and as we continue to service our clients from all 50 states, we do so with efficiency, as evidenced by our A+ rating from the Better Business Bureau.