What is a Certificate of Title Surety Bond?
In New York, when you need to title a vehicle but cannot provide standard ownership documentation, you can apply for a Certificate of Title Surety Bond. This requires purchasing a surety bond that protects any future claims against the vehicle.
How Much Does a Bonded Title Cost in New York?
Bond premium: $100-$300. DMV fees: ~$50. Total: $150-$400 typical.
Bond amount required: 1.5x the vehicle value
Bond duration: 5 years
How to Get a Bonded Title in New York
- 1
Complete Form MV-902 (Statement of Claim/Interest in a Vehicle)
- 2
Obtain surety bond for 1.5x vehicle value
- 3
Submit to DMV with supporting documentation
- 4
DMV reviews and issues bonded title
New York Bonded Title Requirements
- ✓Valid NY driver license or ID
- ✓Any available ownership documentation
- ✓Surety bond
- ✓Vehicle inspection certificate
Frequently Asked Questions
How do I get a bonded title in New York?
Complete Form MV-902, purchase a surety bond for 1.5x your vehicle's value, and submit both to the DMV with any ownership documentation you have. The bond must be from an approved surety company.
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