The Tennessee Certificate of Title Bond is required by the Tennessee Department of Revenue. When the title of a vehicle is damaged or cannot be produced, they generally request that you obtain a surety bond.
The bond does not protect you. It protects the Department of Revenue in case someone else with the title to the vehicle claims that it is theirs.
If you are the owner of a vehicle with a manufacture year of less than 30 years old, and you cannot provide proof of ownership, you will need to have a this bond. This is in order to support your application for a certificate of title. In addition, a bill of sale from the last registered owner is required. It must state why the vehicle was not titled or registered in the seller’s name.
The amount varies as it depends on the vehicle. Your Tennessee Certificate of Title Bond amount is calculated at one and one-half times the fair market value of your vehicle.
Surety Solutions Insurance Services, Inc. (Surety1) can easily get you the bond that you need. In most cases, we can get your bond approved the same day. We also represent over a dozen “A” rated surety companies.
Start the process by completing our free online application form. After that, one of our surety agents will contact you back with a no-obligation quote on the bond premium. Nest, pay the premium and sign the agreement. We will send your Tennessee Certificate of Title bond through USPS Priority Mail. Overnight delivery is available for an additional fee.
You cannot go wrong with Surety1. We have been issuing surety bonds since 2003 in all 50 states. We were even awarded an A+ rating by the Better Business Bureau.