Maine Title Bond Guide
SuretyBonds.com provides the fastest and easiest way to get your Maine bonded title. Learn how to navigate the lost vehicle title bonding process with our complete guide.
Bond Overview
- Purpose: To guarantee legal ownership of a vehicle
- Who Needs It: Individuals looking to register a vehicle without a valid title
- Regulating Body: The Maine Secretary of State, Bureau of Motor Vehicles
- Required Amount: 1.5x the vehicle’s appraised value
- Premium Rates: $15/$1,000 in coverage, starting at $100
What Is a Maine Bonded Title?
A bonded title allows you to legally register a vehicle with the state of Maine. It proves you are the legal owner of a vehicle when the original title is invalid, unavailable or can not be transferred.
What Is a Maine Motor Vehicle Title Bond?
Maine Revised Statute §659 requires individuals with insufficient proof of vehicle ownership to file a surety bond as part of the vehicle registration process.
The Maine lost motor vehicle title bond acts as financial security to repay potential monetary losses. If the car turns out to be stolen or the title is otherwise invalid, the surety will compensate the rightful owner or lienholders.
What Title Bond Amount Do I Need?
Your Maine title bond amount must be 1.5 times the vehicle’s current appraisal value.
You can use Kelley Blue Book or NADA to calculate this value. For example, a vehicle worth $20,000 with a missing title needs $30,000 in bond coverage.
We recommend contacting your local BMV office to confirm your exact bond amount before purchasing.
How Much Do Maine Bonded Titles Cost?
Maine certificate of title bond costs start at $100 for the 3-year term.
Exact pricing varies depending on the bond amount:
- $100–$6,000 Bond: Costs $100
- $6,001 to $50,000 Bond: Costs $15 per $1,000, starting at $100
- $50,000+ Bond: Start at $750, application required
Select your bond amount below to buy now or apply for a free quote.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Maine Motor Vehicle Title Bond Work?
A Maine title bond creates a legal contract between three parties:
- Principal: You, the bonded title applicant purchasing the bond
- Obligee: The Maine Bureau of Motor Vehicles requiring the bond
- Surety: The provider issuing the bond
The Maine bonded title protects any prior owners and lienholders or any future purchaser of the vehicle from expenses, losses, or damages.
For example, if the original title is found and a valid claim is made against the bond, the surety company will pay damages up to the full bond amount. The bonded vehicle owner must then reimburse the surety.
Who Needs a Motor Vehicle Title Bond?
Typically, you will need a bonded title in Maine under these conditions:
- You did not receive a title when you bought the vehicle.
- The title you received was incorrectly assigned to you.
- You received a title but lost it before transferring it into your name.
To be eligible for a bonded title, you must be a permanent resident of Maine, the vehicle must be located in the state, and the vehicle must have no title application record.
If you plan to sell vehicles, you'll need a separate Maine motor vehicle dealer bond.
How Do I Get a Motor Vehicle Title Bond in Maine?
You can purchase your Maine title bond online 24/7 with SuretyBonds.com.
You must provide the following information for BMV filing approval:
- Vehicle year
- Vehicle make
- Vehicle identification number
- County in which you are located
Once you checkout, you'll receive your official vehicle title surety bond in minutes via email.
How Fast Can I Get My Bond?
SuretyBonds.com offers instant Maine vehicle title surety bond delivery online 24/7*. Purchase now to receive your official bond in minutes by email.
*Note: If your bond amount is higher than $50,000, your purchase order will be reviewed by a team member before we email your documents.
How to Get a Bonded Title in Maine
The Maine Secretary of State Bureau of Motor Vehicles enforces registration requirements for vehicles with lost, stolen or missing titles. Follow the five steps below to apply for your Maine bonded title.
Step 1: Consult the Bureau of Motor Vehicles
Contact your local BMV office to confirm if you need a bonded title. Not all title applicants in Maine require a bond.
Step 2: Determine your bond amount
Work with the BMV to determine the required bond amount. This is typically set at 1.5 times the vehicle’s appraised value. You can use Kelley Blue Book or NADA to calculate this value.
Step 3: Purchase your surety bond
Purchase and file a title surety bond in the required amount from SuretyBonds.com.
Step 4: Complete the title application
Obtain and fill out a Certificate of Title application form, which is available at any BMV branch.
Step 5: Submit your bond and application
Take your completed title application, the surety bond, and any additional required documents to your local BMV office.
Pay the $33 application fee to complete the Maine bonded title application process.
Can I Get Bonded With Bad Credit?
Yes, you may still be able to get a bonded title with bad credit. Maine certificate of title bonds are typically available for instant purchase with no credit check.
If your bond does require an application, we’ll search for the best available rate with our surety markets.
Can I Update My Bond Form?
Yes, if the Maine DMV requires your lost title bond documentation to be updated for any reason, contact your surety provider. The most common changes for these bonds include updating the:
- Vehicle information
- Owner name
- Address
If your bond form needs amended for any reason, email [email protected] to explain the request.
