Can You Register Someone Else Vehicle In Your Name If You Dont Own It North Carina

north carolina lost title

Do you have a car in North Carolina, but no title? If you accept a lost title, or if you've been a victim of championship jumping, you might be able to get a North Carolina Bonded Title.

Short on time? Check out our Bonded Title FAQ page

What is a North Carolina Bonded Title?

A North Carolina Bonded Title is a document that proves you own your vehicle.

A bonded title is a regular tile that has a title brand. The title brand says "bonded". This make implies there is a surety bond fastened to the title.

You tin can do anything with a bonded championship that you lot can do with a regular title: register the vehicle, insure the vehicle, and sell the vehicle.

Why You Need To Purchase a Surety Bond

Since you do not have the title to your vehicle, the DMV is not only going to magically upshot you a title. They want to protect themselves should it turn out later that you lot shouldn't have been granted a championship. This is why they require you to purchase a surety bond showtime. The surety bail is in place to protec the DMV and whatever previous owners of the vehicle.

You can learn more about what it ways to be bonded at the stop of the article.

When You Demand a Northward Carolina Bonded Championship

Y'all might be eligible for a NC Bonded Title in, merely not limited to, any of these instances:

You bought/received a car and never received the championship
You lot bought/received a machine and only received a neb of sale
You bought/received a car and received an improperly assigned title/damaged/unlegible championship
You bought/received a auto, received the championship, but lost it before transferring information technology into your name*

*If the championship was in your name, you tin simply get a Duplicate Certificate of Championship and pay the replacement championship fee.

Not sure if you lot need a NC Bonded Title? Check out this awesome infographic

How to go a North Carolina Bonded Title

Pace #one: Check to make sure you are eligible

Check with your local DMV before starting this process.

While we list some common situations that might be eligible for a bonded championship, your local DMV is the only entity that can say for certain if y'all tin can become a bonded title.

Call them and explicate your situation and ask "Can I become a bonded championship?"

If they say yes, move on to Step #two.

Step #2: Complete all documents

Documents can institute online at the DMV website of Due north Carolina or you tin get a printed copy at your local DMV.

The following forms are needed to apply for a Bonded Title in NC:

Championship Application
Affidavit of Facts
Affirmation of Facts to Accompany Indemnity Bond

Step #3: Get your vehicle inspected

Inspections should be washed by a North Carolina DMV License & Theft Bureau Inspector.

Upon inspection, they will requite you a completed inspection course. Keep this form, as you lot will need it to apply for your NC Bonded Championship.

Step #four: Decide the value of your vehicle

Practise this either past the current Value Schedule, which yous tin can get at any license plate agency or by calling the North Carolina DMV Customer Service Contact Center at 919-715-7000.

Step #five: Determine your bond amount

Your bond amount needs to be one.5 times the value of your vehicle, which y'all adamant in Step #4.

Multiply your vehicle value by 1.5 to get your bond amount.

For example,if your car is appraised at $2,000 so your bond amount will need to exist $3,000.

Calculate your bond corporeality, so movement on to the adjacent pace.

Step #half-dozen: Buy North Carolina Lost Title Bond

Purchase a bail from a surety bond visitor.

Make sure you apply for the correct bail corporeality, which you determined in Pace #5.

Your won't need to pay the entire bond amount.

Well-nigh people only pay $100 for their bond.

Surety Solutions, A Gallagher Company does not upshot Document of Lost Title Bonds

Before y'all buy your title bond - acquire important payment info

Once you purchase your Lost Championship Bond, the surety company will post it to y'all.

Step #vii: Submit

Submit the paperwork listed in Step #2 plus your N Carolina Lost Title Bond to your localDMV.

If your paperwork is canonical, y'all will exist issued a NC Bonded Title.

Does my North Carolina Bonded Title Elapse?

Yes. NC Bonded Titles expire three years afterwards the date they are issued. This means the "bonded" make remains on the title for 3 years.

If no one comes forrard and makes a claim on your North Carolina Lost Title Bond during those 3 years, you (or whoever owns the vehicle at the fourth dimension) can go use for the brand to exist removed from the title.

If the DMV approves your request, y'all volition exist issued a clear certificate of title.

What Else Practice I Need To Know?

When you getabonded title, y'all are promising that you are the true owner the vehicle. The bail is in place to protect the DMV and whatsoever previous owners of the vehicle.

If someone comes forward later on and says that they are the possessor of the vehicle and that you should non have been granted a bonded championship, they tin make a claim on your bail.

If the claim is adamant to be valid, you lot would be responsible for satisfying the claim. Ordinarily, this would mean a fiscal compensation. The surety company would make up one's mind what is fair.

If yous neglect to satisfy the merits, the surety visitor would satisfy the claim for you lot. Then, they would come to y'all for reimbursement. Essentially, the bail holds you liable for your actions, no matter what.

If you are the true possessor of your vehicle and you merely do not have a title for your car, then a bond merits should non happen. Why would someone make a merits on your bond? If the vehicle was stolen, or some other similar situation.

Your local DMV can assist y'all decide that your vehicle has not been stolen.