The Minnesota Ownership and Security Interest Surety Bond is required by the Department of Public Safety, Division of Motor Vehicles. The bond protects the State and any prior or subsequent purchaser of the vehicle against loss or damage by issuance of the Minnesota Certificate of Title to the bondholder.
Who needs an Ownership and Security Interest Surety Bond?
The State may require you to obtain the bond, to secure a Certificate of Title, when the vehicle cannot be titled or registered because you don’t have the required title documents.
After you submit the Application to Title & Register a Vehicle, the DVS will notify you if you need the bond. In addition, submit an Affidavit to Correct the Ownership Record of a Motor Vehicle.
What is the bond amount?
Surety companies cannot provide this amount for you. Please note you cannot fully complete our application and we cannot write your bond until a bond amount is established.
The State of Minnesota requires an amount equal to one and one-half the value of the vehicle, as determined by the Registra. There is a three year term to the bond.
Ho do I get a Minnesota Ownership Title and Security Interest Surety Bond?
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 Minnesota Ownership and Security Interest Surety 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. As a result, our services have earned an A+ rating from the Better Business Bureau.
Call us toll free at 877-654-2327. We have live surety bond agents available Monday – Friday, 8:00 – 4:30 PST. We’re glad to help.