Posts Tagged ‘Certificates of Title’

Surety bond-Certificates of Title

Tuesday, March 16th, 2010

H 179/S 231 – Motor Vehicles-Certificates of Title. Would revise the amount of the bond required to obtain a certificate of title, which is currently 1.5 times the value of the vehicle; provides that the Department of Revenue would determine the surety bond amount. The reason behind this is many of the bonds issued where not high enough to cover the true car value