In the State of Texas a lost or defective vehicle title can be reissued following the Department of Motor Vehicles procedure and providing a Texas title bond. In accordance with the DMV’s rules you must be a Texas resident or military personnel stationed in Texas, OR have a vehicle that was last titled in Texas, in your possession and cannot be considered abandoned, junked, stolen, or in any other pending lawsuits. Although not required to be operational, it must be a complete vehicle including a frame, body and motor or if a motorcycle, a frame and motor. So how much title bond to you need? There are two ways to determine the Texas certificate of title bond amount. You may request a rejection letter from any Texas county tax office or you may search the Texas Standard Presumptive Value database. The Texas vehicle title bond must be in an amount equal to one and one-half times the value of the vehicle as determined by the Standare Presumptive Value or by the state. The bond must indemnify any prior owner and lienholder and any subsequent purchaser of said vehicle or person acquiring any security interest in it and their respective successors in interest against any expense, loss, or damage, including reasonable attorney’s fees, by reason of the issuance of the certificate of title for said vehicle or on account of any defect in or undisclosed security interest upon the right, title, and interest of the applicant in and to the vehicle. Texas surety specialist, Surety One, Inc., offers a simple, streamlined title bond application and same-day processing of your bond request. Credit problems? NOT a problem. We will offer terms for you bond regardless of credit condition. Visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a Texas title bond application or for information about any surety bond need.
