Can You Register A Motorcycle With A Bill Of Sale And No Title Colorado

colorado bonded title

Do you lot have a vehicle in Colorado, but no title? You might be wondering what you lot can do. Well, y'all might be able to get a Colorado Bonded Title.

Short on fourth dimension? Bank check out our Bonded Title FAQ page

What is a Colorado Bonded Title?

A Colorado Bonded Title (sometimes known as a Colorado Lost Championship Bond) is a document that proves you own your vehicle. Information technology functions but like a regular title and allows you to drive, sell, and annals your car.

A bonded title is only like a regular title, except it is marked "bonded" in the title brand section. This make implies there is a surety bail attached to the title.

Why you demand a surety bond:

A surety bond promises that you are the truthful owner of the vehicle.

When you become a bonded title, you are promising that you are the owner and you will be held accountable for any claims on the surety bond.

Curious nigh what would happen if someone fabricated a claim on your bond? Check out this resource.

When You Might Need a Colorado Bonded Title

You might need a Colorado bonded title in ane of the following situations:

Yous never received the championship to your vehicle
You only received a nib of auction with your vehicle
Y'all received an improperly assigned title
You received the title, but lost information technology before transferring information technology into your name*

*If you DID have the title registered in your name at one betoken in time, but simply lost the title, you tin can become a Duplicate Certificate of Title. Apply for a Duplicate Certificate of Title at your nearest county office and paying a $viii.twenty fee.

Non sure if you need a bonded title? Bank check out this awesome infographic

How to go a Colorado Bonded Title

Step #1: Contact DMV to make sure you are eligible

Your local DMV is the only entity that tin can tell yous if you are eligible for a bonded title or not.

While nosotros, Surety Solutions, tin provide yous with common situations where you might be eligible for a bonded title, we cannot say for certain if you are eligible. Only your local DMV can tell you for certain.

Contact your local DMV, explain your situation, and ask if yous could get a bonded title.

If they say yes, move on to Step #2.

Step #ii: Get vehicle inspected

Get vehicle inspected by a Colorado law enforcement office. Once they are washed they will give you a completed Certified VIN Inspection Form. There is a $20 inspection fee.

Step #3: Request a Colorado Title Tape Search

The Colorado Title Record Search requires a $2.20 fee. You take the pick to mail the class (Which may accept upwardly to 30 days) or go directly to the Denver Land Office.

Denver Country Function

1881 Pierce Street,

Lakewood, CO 80214

Getting a record search will reveal is at that place are any previous records on your vehicle. If there are, yous could manage to contact the original seller, and non need to get a CO Bonded Title.

A record search will besides reveal if in that location are whatever liens on your vehicle. You will want your vehicle to be complimentary of whatever liens considering you cannot employ for a CO Bonded Championship if yous take open liens on your vehicle.

Footstep #4: Determine the appraised value of your vehicle by i of the following forms

If you cull to acceptyour vehicle appraised by a licensed Colorado machine dealer, the appraisal must be written on the dealer'due south letterhead and signed. It must include the dealer's license number too.

Price guide books (if vehicle is vii years old or newer)
Computerized valuation services (like KBB or NADA Guides)
Licensed Colorado auto dealer

All value appraisals need to include the year, make, and VIN of the vehicle.

Step #5: Calculate your bond corporeality

Your bail must exist for 2 times the value of your vehicle (that you lot plant in Footstep #4).

For example, if your vehicle is valued at $2,000 and so you must get a $iv,000 bond.

Calculate your bond corporeality, then move on to the side by side step.

Step #half-dozen: Buy a Colorado Lost Title Bond

Purchase a bond from a surety bail company.

Brand sure you apply for the correct bail amount that you calculated in Step #5. Also have on handy the vehicle motor and manufacturer number. You will need this to employ for your bond.This data should be listed on your certified VIN inspection form.

You do non need to pay thefull bail amount to get bonded. About people just pay $100 for their bond. Yous only need to pay for your bond one time.

Surety Solutions, A Gallagher Company does not issue Certificate of Lost Title Bonds

Earlier you purchase your title bond - larn important payment info

Stride #7: Complete a Bail Argument Guide & In Lieu of Bail Affirmation Class

Step #8: Submit paperwork and CO Lost Championship Bond

Submit paperwork to your local DMV office and pay $7.xx title fee. If your papers are canonical, you will be issued a Colorado Bonded Title. Your title will exist marked "bonded".

What it Means to be Bonded

When you get a bonded title, yous are promising that you are the truthful owner the vehicle, and that you lot will have responsibility for whatsoever bond claims.

If someone comes frontwards later on and says that they are the possessor of the vehicle and that you lot should not have been granted a bonded title, they tin canbrand a merits on your bail.

If the claim is adamant to be valid, yous would exist responsible for satisfying the merits. Ordinarily, this would mean a financial compensation. The surety company would decide what is fair.

If you lot fail to satisfy the claim, the surety company would satisfy the claim for you. Then, they would come to you for reimbursement. Essentially, the bond holds you liable for your deportment, no matter what.

Want more information about what happens if someone made a merits on your bond?Check out this resource.

Does my Colorado Bonded Title Expire?

Yep, CO Bonded Titles expire 3 years after the appointment they are issued. During those 3 years, the "bonded" brand remains on the championship.

If after 3 years, no 1 comes forward and makes a claim against your Colorado Lost Title Bond, you (or whoever owns the vehicle at the time) can go to the DMV and apply for the "bonded" brand to be removed from the title. Upon approval, the DMV would remove the make from your title and you would be issued a articulate certificate of title.

If you decide to sell your vehicle before the three years is up, that is okay. Your name will remain on the surety bond, though, until the 3 years is up. Yous volition be liable for whatsoever surety bond claims during those three years.