The Maine Vehicle Title Bond is required by the State of Maine, Secretary of State. The bond shall remain in effect for a 3-year term and is required when a new title is needed for the vehicle. The bond, as stated by Maine Revised Statutes, must be in an amount equal to 1 1/2 times the value of the vehicle as determined by the Secretary of State.
What is the purpose of a Maine Vehicle Title Bond?
There are times when the Secretary of State will not be satisfied as to the ownership of the vehicle. During this time, the certificate of title or certificate of salvage may be withheld. The individual would then need to apply for a replacement Certificate of Title by completing the Certificate of Title application. Along with that the applicant may be required to post a surety bond, issued by a surety company that is recognized by the state.
Where can I get a Maine Vehicle Title Bond?
You can get your surety bond with us here at Surety1. We have the most competitive rates. This is through the diligence of our agents that partner with over a dozen A-rated surety companies. Aside from the low rates, we can also guarantee fast and reliable service.
Submit your free online application now and wait to be contacted from one of our surety experts. Ask them any question about the process and they are more than willing to help you. Once you decide to get your Maine Vehicle Title Bond from us, just pay the premium and sign the agreement, and you have the option of getting your surety bond either through USPS Priority Mail or overnight delivery.
Surety1 has been issuing surety bonds in Maine since 2003. We are also licensed in all other states and maintain an A+ rating from the Better Business Bureau.