At Surety Bonds Agent, we offer a full range of surety bonds nationwide through an extended carrier network. Continue below to learn more about Texas bonded titles. If you have additional questions or want to explore bonding solutions for your business, speak with one of our knowledgeable surety bond experts.
It’s easy with our simple 3-step process:
A Texas bonded title is your solution if you have purchased a vehicle but lack a title that would allow you to insure, register, or sell it to someone else. That is, it’s a solution if you reside in Texas (or are on active military duty in Texas), and have the vehicle in your possession. Additionally, the car must be intact, must not be an abandoned vehicle, stolen, or junked, and must not be encumbered by a lien.
Once you are granted a bonded title, you can do anything an original title would enable you to do. The only way to tell the difference between a bonded title and an original title is that the former is marked with the “BONDED” brand in large type. That lets everyone know the title is backed by a surety bond.
Who Needs Them?
Most often, a bonded title is needed because a private seller:
How Do They Work?
If someone submits a claim against your Texas title bond and can prove their ownership of the vehicle to the surety’s satisfaction, the surety (the bond’s guarantor) will pay it on your behalf. But you are legally obligated to repay that debt to the surety. If you don’t, the surety can sue you to recover the funds.
You will need to submit two, or possibly three, forms to apply for a bonded title:
Submit these forms along with your completed application and any proof of your ownership to your local DMV office. If approved, you’ll need to purchase a Texas title bond with a three-year term. The final step is to submit your approved application, the approval letter, the bond certificate, proof of insurance, and other supporting documents to the county tax office. You’ll receive your Texas bonded title in the mail.
In purchasing a title bond, you are guaranteeing the vehicle belongs to you. You also agree to compensate anyone who, during the bond’s three-year term, can prove their rightful ownership of the vehicle and can document damages resulting from having a bonded title. If no claims are received during the three years that the bond is in force, at the end of that period, you can exchange the bonded title for a standard one.
Texas title bonds for more than $25,000 are subject to underwriting, though bonds for lesser amounts are typically sold for a fee based on the coverage amount. The underwriting is based largely on the applicant’s personal credit score, with a high credit score resulting in a low premium rate and a low score warranting a higher rate.
The average premium rate for someone with decent credit is in the range of one to two percent.
We proudly serve all 50 states, offering a full range of surety bonds. To buy surety bonds online:
There’s no obligation, and we can often help you get bonded in 24 hours or less.
Select the bond you need — commercial, contract, or any specialized bond. We help you find exactly what is required in your state.
Complete a short online form. It only takes a few minutes, with no extra paperwork or long verification steps.
Get fast approval and receive your bond instantly by email. Your document is ready to use right away.
Simply fill out our convenient online application form to get started.
We work with a wide range of carriers to provide many options to our clients.
As an independent agency, we can leverage our carrier network to find the most competitive rates for the bonds you need.
We work to get you bonded as quickly as possible, often in 24 hours or less.
Our experienced surety bond agents provide personalized assistance to help you understand your bonding requirements and options.
Request an online quote today! Or speak with one of our knowledgeable surety bond agents about the commercial bonds you are interested in.
