New York Certificate of Title Bond Guide
SuretyBonds.com provides the fastest and easiest way to get a New York bonded title. Learn how to navigate the certificate of title bonding process with this 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 New York Department of Motor Vehicles
- Required Amount: 1.5x the vehicle’s appraised value
- Premium Rates: Typically $15/$1,000 in coverage, starting at $100
What Is a New York Bonded Title?
A bonded title allows you to legally register your vehicle with the state of New York.
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 New York Certificate of Title Bond?
The New York State Department of Motor Vehicles (DMV) requires you to file a certificate of title bond to register vehicles with lost, stolen, or missing titles. Vehicles with open liens cannot be bonded.
Title bonds protect previous owners and future owners from losses resulting from ownership disputes or fraud.
If you’re planning to sell vehicles, a separate New York vehicle dealer bond is required.
How Much Title Bond Coverage Do I Need?
Your New York vehicle title bond amount must be 1.5 times the vehicle’s appraised value.
Find a licensed appraiser and contact your local DMV to verify your bond amount before purchasing your title bond.
How Much Do Title Bonds Cost in New York?
New York certificate of title bond costs start at $100 for the 3-year term. Exact costs vary depending on the surety bond amount required by the DMV:
- $100-$3,300 Bond: Costs $100
- $3,301-$50,000 Bond: Costs $15 per $1,000, starting at $100
- $50,000+ Bond: Prices start at $1,500, 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 New York Certificate of Title Bond Work?
A New York title bond creates a legal contract between three parties:
- Principal: You, the bonded title applicant purchasing the bond
- Obligee: The New York Department of Motor Vehicles requiring the bond
- Surety: The provider issuing the bond
If the original title is found and a valid claim is filed, the surety company will pay damages up to the full bond amount. The bonded vehicle owner must then reimburse the surety.
Who Needs a Certificate of Title Bond?
Individuals in New York must file a surety bond if they lack sufficient proof of vehicle ownership according to Article 46-2105 of the Uniform Vehicle Certificate of Title Act.
You may need a bonded title under the following 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
Note: To be eligible for a bonded title, you must be a permanent resident of New York and the vehicle must be located in the state.
How Do I Get a Certificate of Title Bond in New York?
SuretyBonds.com provides the fastest and easiest way to get bonded. Just follow these quick steps:
- Apply online at SuretyBonds.com
- Get a free quote within one business day*
- Buy online or over the phone
- Receive your title bond in the mail
- File your bond with the DMV within 30 days
*Note: For bond amounts between $100 and $50,000, you’ll receive your bond instantly.
What to Include on Your Bond Application
When applying for your New York certificate of title bond, be sure to include the following information:
- Your Vehicle Identification Number (VIN)
- The vehicle year and make
- The exact bond amount
Do I Need to Renew My Title Bond?
No, your New York certificate of title bond will expire after three years. It will then be returned to you if the vehicle is no longer registered in the state and there are no pending claims.
How to Get a Bonded Title in New York
The New York Department of Motor Vehicles enforces bonded title requirements. Follow the five steps below to apply for your New York bonded title.
Step 1: Get an appraisal
Contact the New York DMV to get your vehicle appraised. This will determine your title bond amount which must be 1.5 times the value.
Step 2: Gather required documents
Prepare the following verification documents to get your bonded title:
- Proof of name and date of birth (must contain a signature)
- Proof of ownership like a bill of sale, canceled check or manufacturer’s statement of certificate of origin
- A notarized affidavit explaining how you obtained the vehicle
Step 3: Complete the title application
Fill out the Official Title Application and Statement of Ownership form. Be sure to include a list of any liens on the vehicle and provide proof that you’ve either paid the sales tax or are exempt from it.
Step 4: Purchase a surety bond
The Uniform Vehicle Certificate of Title Act, Section 2105 of Article 46 requires a bond in order to get a bonded title. Get yours today starting at $100.
Step 5: Submit your application
Mail your completed application, surety bond and a $50 registration fee to the DMV at the following address:
New York Department of Motor Vehicles
P.O. Box 2700
Albany, NY 12220-0700
Once the DMV approves your application, you’ll receive a bonded title that is valid for three years.
How Long Does it Take to Get a Bonded Title in New York?
Bonded title application approval typically takes about 4-5 weeks. If you don’t receive your bonded title within 90 days, contact the New York DMV.
