Defective Title Bond
OLBIGEE: California Department of Motor Vehicles
BOND AMOUNT: The vehicle's value sets the bond amount.
BENEFICIARY OF BOND: The owner of a vehicle looking to clear title and register with the DMV.
WHY BOND IS REQUIRED: When a buyer purchases a vehicle from a seller and fails to obtain the endorsed vehicle title, the DMV will not transfer title upon request. In this instance, a defective title bond is required by the DMV in order to clear title and register the vehicle. The bond guarantees damages up to and including the bond amount in the event that the original title holder files a valid claim on the vehicle.
WHO IS REQUIRED TO SECURE THE BOND: Individuals looking to secure title who did not obtain the original title upon transfer of the vehicle.
Click Here to Download The Bond Application.
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