Illinois Bond for Registration without Certificate of Title

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The Illinois Bond for Registration without Certificate of Title is required by the Secretary of State, Vehicle Services Department. The surety bond amount is 1.5 times the vehicle’s wholesale value of the vehicle. For example, if the wholesale value of your vehicle is $10,000, the surety bond amount would be $15,000.

The surety bond is required to protect the Illinois Secretary of State and other interested parties in the event that a competing claim for ownership of the vehicle is made.

How to get a Illinois Bond for Registration without Certificate of Title ?

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application.
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Illinois Bond for Registration without Certificate of Title will be shipped to the bond applicant.

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?

The purpose of an Illinois Bond for Registration without Certificate of Title is to protect the Illinois Secretary of State and other interested parties in the event that a competing claim for ownership of the vehicle is made.

This bond is required when you want to register a vehicle in Illinois but do not have the certificate of title. This can happen for a variety of reasons, such as if the title was lost, stolen, or damaged.

This bond guarantees that the surety company will pay up to the full amount of the bond to anyone who can prove that they are the rightful owner of the vehicle. The Illinois Secretary of State will then issue you a registration for the vehicle, even though you do not have the certificate of title. If a competing claim for ownership is made, the surety company will investigate the claim. If the claim is successful, the surety company will pay the rightful owner up to the amount of the bond. However, you will have to pay the surety company back.

Once the bond has been in effect for three years without any claims being made, you can apply to have the “bonded” brand removed from the vehicle’s title.

Here are some examples of when you might need an Illinois Bond for Registration without Certificate of Title:

• You bought a vehicle from a private seller who did not have the title.
• You inherited a vehicle from a family member who did not have the title.
• You purchased a vehicle from a salvage auction.
• You imported a vehicle from another country.
• Your vehicle’s title was lost, stolen, or damaged.

If you are unsure whether or not you need an Illinois Bond for Registration without Certificate of Title, you should contact the Illinois Secretary of State’s Vehicle Titles Division.

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.

For more information, contact the Illinois Secretary of State’s Vehicle Titles Division.

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