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What is a lost title bond?
If you have a lost or stolen vehicle title, you might be required to purchase a surety bond. Vehicle title bonds are also known as certificate of title bonds, lost title bonds or defective title bonds, but they all serve the same purpose. This bond type guarantees damages in case an individual claims ownership of a vehicle with a previously missing title. Don’t worry if you don’t know much about bonding just yet.
What is a title agent bond?
You are required to get a bond for your title agency to protect your clients. If you do not follow the laws of your state, a claim can be filed on your bond.