Surety Solutions
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By Jud Webre • June 12, 2014

Idaho Lost Title? How To Get An Idaho Bonded Title

bonded title

 

Do you have a car in Idaho, but no title? Maybe you purchased a vehicle, but never received the title. Or maybe you lost the title. If this sounds like you, you might be able to get an Idaho Bonded Title.

 

Short on time? Check out our Bonded Title FAQ page

 

What is an Idaho Bonded Title?

 

An Idaho Bonded Title (also known as an Idaho Certificate of Title, Idaho Lost Title Bond, or Idaho Defective Title Bond) is a document that proves you own your vehicle. An Idaho Bonded Title looks just like a regular title except it is marked 'bonded.'

 

The purpose of an ID Bonded Title is to protect any previous owners of the vehicle and the state of Idaho.

When you get a bonded title, you are promising that you are the true owner the vehicle. If someone comes forward later on and says that they are the owner of the vehicle and that you should not have been granted a bonded title, they can make a claim on your bond. If the claim is determined to be valid, the surety company would pay the person a fair amount. It would then be your responsibility to repay the surety.

 

Curious about what would happen if someone made a claim on your bond? Check out this resource.

 

When You Need an Idaho Bonded Title

 

  • You bought a vehicle and didn’t receive a title
  • You bought a vehicle and only received a bill of sale
  • You bought a vehicle and received an improperly assigned title
  • You bought a vehicle, received, and lost the original title before transfering it into your name*

*If you had the original title in your name at one point in time but simply lost it, you can get a duplicate certificate of title by completing an Idaho Duplicate Title form. The replacement fee is $14. If you don't have both the VIN number and the title number, you will be charged an extra $7.

 

Not sure if you need an ID Bonded Title? Check out this awesome infographic

 

How to get an Idaho Bonded Title

 

Step #1: Contact DMV to make sure you are eligible

Your local DMV is the only entity that can tell you if you are eligible for a bonded title or not.

Contact your local DMV, explain your situation, and ask if you could get a bonded title.

If they say yes, move on to Step #2. 

 


Step #2: Provide documentation

Even though you do not have proper documentation, you still have to provide sufficient documentation to show the Idaho Transportation Department (ITD) that you are the owner of your vehicle.

Valid proof could be an Idaho Bill of Sale or proof of purchase.

 

 

Step #3: Conditional Title Statement of Facts

You must provide an explanation for why you do not have a valid Certificate of Title or Ownership.

Complete a Conditional Statement of Facts to the best of your ability.

 

Step #4: Vehicle Inspection

You must get your vehicle inspected by a representative designated by the Idaho Department of Transportation.

Call them at (208) 334-8000.

 

Step #5: Vehical Appraisal

You must get your vehicle appraised by either a  licensed Idaho auto dealer or a Motor Vehicle Investigator. The appraisal must reflect the current value of the vehicle.

 

Step #6: Purchase Idaho Lost Title Bond

Purchase a bond from a surety bond company. Make sure you apply for the correct bond amount.

Purchase an Idaho Lost Title Bond in the amount of 1.5 the value of the vehicle. For example, if your vehicle is appraised at $2,000 then you must secure a $3,000 ID Lost Title Bond. 

At Surety Solutions, if your ID Lost Title Bond is less than $6,600 then you'll only need to pay $100 for your bond. Want to know what you'd pay for your Idaho Lost Title Bond? Visit our Lost Title Bond Resource page

 

Get Free Idaho Lost Title Bond Quotes!

 

Before you purchase your title bond - learn important payment info

 

 

Step #7: Application for Title

You must apply for the Idaho car title within 90 days of your Idaho Lost Title Bond being issued. Complete an Application for Certificate of Title.

 

Step #8: Submit

Submit all your paperwork to your local DMV. Once approved, you will be issued an Idaho Bonded Title.

 

Do Idaho Bonded Titles Expire?

 

Yes, ID Bonded Titles expire 3 years after their date of issuance. If no one comes forward during those 3 years and makes a claim against your ID Lost Title Bond then you will be issued a standard clear certificate of title. 

 

 

Related Links:

Four Reasons You Might Need A Bonded Title

How To Get A Surety Bond In Florida

Bonded Titles FAQ