Per the Department of Motor Vehicles, a person that has purchased a motor vehicle and has misplaced the title which was received from the seller or the seller did not deliver a title, an Alaska vehicle title bond may be used to establish clear ownership. Motor vehicles and trailers weighing over 501 pounds must be title bonded however smaller trailers 500 pounds may be titled without a surety bond.
An Alaska title bond must be issued on state form 824, which is available online and at each DMV office. Pursuant to the DMV's website, "The vehicle must be inspected by a representative of the DMV. The purpose of the inspection is to verify the vehicle identification number and the identity of the vehicle. The vehicle must be operational and in satisfactory working condition with all of the equipment required by state and federal law." With the vehicle inspection report and title bond, the applicant must submit and appraisal of the vehicle's value. The appraisal protocols are as follows:
As part of the certificate of title bond underwriting process we must request some evidence that the applicant legally possesses the motor vehicle. Examples of "ownership evidence" can be a bill of sale, power of attorney, receipt, canceled check or money order, temporary registration/maker, affidavit of legal possession or endorsed copy of at title. Need a bill of sale format? See "What We Need From You" on this page for a template.
Alaska surety bond leader, Surety One, Inc. is a specialist in the bonding needs of motor vehicle dealers and private parties with a missing title. We offer same-day issue of vehicle title bonds. Questions about this or another surety bond? Call us at (800) 373-2804, email us at Underwriting@SuretyOne.com or click here for live chat about your Alaska certificate of title bond requirement.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.