{"id":1192,"date":"2013-06-04T03:20:17","date_gmt":"2013-06-04T03:20:17","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1192"},"modified":"2018-11-19T00:30:28","modified_gmt":"2018-11-19T00:30:28","slug":"colorado-title-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/colorado-title-bond\/","title":{"rendered":"Colorado Title Bond"},"content":{"rendered":"

Posting a Colorado title bond<\/a><\/strong> is an efficient way of obtaining a clear title or salvage title in the Centennial State. \u00a0If you are unable to satisfy the title transfer requirements because of either lost or defective documentation, Colorado law (CRS 42-6-115<\/a>) gives you an option to provide appropriate security and a declaratory statement in support of your request for titling. \u00a0Section (3)(a) requires “a good and sufficient Colorado title bond<\/strong> with a corporate surety which runs to the state and is written in an amount\u00a0to be\u00a0fixed by the director, not to be less than twice the reasonable value of the vehicle as determined at the time of the application application. The applicant and the applicant’s surety shall hold harmless any person who suffers loss or damage by reason of the filing of a certificate under the Act.” \u00a0Anyone aggrieved by the issuance of a clear title under these circumstances may take legal action against the new title owner, the Colorado title bond<\/a><\/strong> and surety or both simultaneously.<\/p>\n

The process has many requirements, which can be confusing. \u00a0The general steps are as follows:<\/p>\n

1.) Have the motor vehicle inspected and a DR 2704 Certified VIN Inspection form completed by a certified Colorado Law Enforcement officer.<\/p>\n

2.)\u00a0Request a “Colorado Title Record Search” on form DR 2539. \u00a0If liens are revealed, notices must be given.<\/p>\n

3.) Completion of a notice and request for release “affidavit”.<\/p>\n

4.) Establish the reasonable appraised value of the motor vehicle (minimum appraisal \u2013 $200) pursuant to C.R.S. 42-6-115 (3)(a).<\/p>\n

5.) Purchase a Colorado title bond<\/strong> for twice the appraised value of the vehicle. Minimum bond accepted is $400.<\/p>\n

6.)\u00a0Complete the Bond Statement Guide & In Lieu of Bond Affidavit form DR 2349.<\/p>\n

7.) \u00a0Deliver the ENTIRE application package and Colorado title bond<\/a><\/strong> to the DMV office in the county of your residence.<\/p>\n

The Department of Motor Vehicles provides a helpful guide in the form of a “punch list” detailing the process above with further detail. \u00a0You can access that guide by clicking here<\/a>. \u00a0Small trailers under 2,000 lbs. in weight and motor vehicles older than twenty five model years are exempt from the Colorado title bond<\/strong> requirement.<\/p>\n

National surety leader<\/strong>,\u00a0Surety One, Inc.<\/a>\u00a0offers a very simple\u00a0title bond application<\/a>\u00a0and same day issue of your title bond. \u00a0Regardless of the facts surrounding your vehicle\u2019s title or applicant credit, we will offer you bond terms. \u00a0Visit us at\u00a0SuretyOne.com<\/a>, call\u00a0(787) 333-0222<\/span>\u00a0or\u00a0(800) 373-2804<\/span>, or email\u00a0Underwriting@SuretyOne.com<\/span>\u00a0for a\u00a0Colorado title bond<\/strong>\u00a0application or for further information about title bonding.<\/p>\n","protected":false},"excerpt":{"rendered":"

Posting a Colorado title bond is an efficient way of obtaining a clear title or salvage title in the Centennial State. \u00a0If you are unable to satisfy the title transfer requirements because of either lost or defective documentation, Colorado law… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":2801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[230],"tags":[1484,1483,1486,1485],"yoast_head":"\nColorado Title Bond • Surety One, Inc.<\/title>\n<meta name=\"description\" content=\"Posting a Colorado title bond is an efficient way of obtaining a clear title or salvage title in the Centennial State. 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