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A bond is required when standard ownership documents (i.e., assigned title) cannot be surrendered with an Application for Certificate of Title (625 ILCS 5/3-109). The Secretary of State may, as a condition of issuing a Certificate of Title, require the applicant to file a bond
12 Ιουλ 2024 · An Illinois bonded title establishes legal ownership for vehicles with lost, missing or incomplete titles. Read on to learn the six-step process for getting a bonded title in Illinois. Why Would You Need a Bonded Title?
28 Δεκ 2017 · An Illinois Bonded Title (also known as an Illinois Certificate of Title, Illinois Lost Title Bond, or Illinois Defective Title Bond) is a document that proves you own your vehicle. An IL Bonded Title looks just like a regular title, except in the “title brand” section of the title, it is marked ‘bonded.’
A bonded title allows an Illinois resident claiming ownership of a vehicle that lacks a valid title to insure, register, sell, junk or otherwise dispose of the vehicle just as can be done with a regular title.
Learn more about the Illinois bonded title process, below. What Is a Bonded Title? A bonded title will allow you to do the same things you can do with a standard title: insure, register, or transfer ownership of a vehicle.
5 Δεκ 2018 · A bonded title is just like a regular vehicle title you can still register, insure or even sell your vehicle. The big difference is that it is marked “bonded” which means it is connected to a surety bond.
If the vehicle comes from a state that requires a salvage title, but the applicant did not receive one from the seller, then the applicant must follow the Bonded Title procedures. Appropriate sales tax form and fee payable to IDOR (dealers exempt)
