Prior to 2017, obtaining a Nevada bonded title was a cumbersome process involving the courts. A potential applicant was obligated to petition the court for a writ of mandamus seeking that the court issue an order declaring him or her owner of the vehicle and dircting the court to order the DMV to issue them a vehicle title. Effective July 1, 2018, Chapter 482 of Nevada Revised Statute (NRS 482.2605). The new law provides the DMV with the statutory authority to issue a new "bonded" certificate of title in situations wherein the constructive owner of a vehicle is unable to satisfactorily demonstrate that he or she possesses legal ownership of a motor vehicle.
Per the DMV, an applicant seeking title by way of a Nevada title bond must be residents of the state and the motor vehicle must also be located within the borders of the state. The title bond amount must be no less than one-and-a-half times (150%) the original Manufacturer's Suggested Retail Price (MSRP). The title bond must be issued by a corporation qualified under the laws of Nevada as surety and must have an effective period of no less than three years. The Department of Motor Vehicle has a very specific procedure for processing by Nevada certificate of title bond. Here are the steps as per the Department:
All application materials, the Nevada title bond and fees should be mailed as follows:
Nevada Department of Motor Vehicles
Title Research Section
555 Wright Way
Carson City, NV 89711
Nevada surety bond leader, Surety One, Inc. is a specialist in the bonding needs of motor vehicle dealers and private parties that wish to access the bonded title process. We offer same-day issue of motor vehicle title bonds in ALL states that require them. 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 Nevada certificate of title bond requirement or the Nevada bonded title process.
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