#Cost of duplicate title in illinois how to

Otherwise, your bond might be rejected by the DMV. You do not need to pay the entire bond amount, but you do need to make sure you apply for the right bond amount. Make sure you apply for the correct bond amount that you calculated in Step #4. Purchase a bond from a surety bond company.

Step #5: Purchase an Illinois Lost Title Bond Your bond amount must be 1.5 times the value of your vehicle (that you determined in Step #3).įor example, if your vehicle is valued at $2,000, your bond amount needs to be $3,000.Ĭalculate your bond amount, then move on to the next step. Get this appraisal from either a licensed vehicle dealer or a used vehicle price guide such as Kelly Blue Book or NADA Guide. Step #3: Get a written appraisal of the current value of your vehicle If none of these items are available, you must write a notarized statement explaining how you came into possession of your vehicle. Qualifying evidence could include a bill of sale, receipt, or canceled check from when you purchased your vehicle. If they say yes, you can move on to step #2. Call your local DMV, explain why you do not have a title, and ask if you could get a bonded title. While we, Surety Solutions, can provide you with information on when you might need a bonded title, we cannot say for certain. Your local DMV is the only entity that can tell you if you are eligible for a bonded title.

#Cost of duplicate title in illinois how to

How to get an Illinois Bonded Title Step #1: Contact your local DMV to see if you are eligible for a bonded title Not sure if you need an IL Bonded Title? Check out this awesome infographic. You must own your vehicle to qualify for an IL Bonded Title. In this case, you can apply for a Duplicate Certificate of Title.

If you had the original title in your name at one point in time.

Please note that you do not need an Illinois bonded title in these situations:

You bought a car, received, then lost the title before transferring it into your name.

You bought a car and received an improperly assigned title.

You bought a car and only received a bill of sale.

You bought a car and never received the title.You might qualify for a bonded title in any of the following situations, but this is not a complete list: When You Might Need An Illinois Bonded Title:

You can learn more about how the surety bond works and what it means to be bonded at the end of the article. The purpose of an IL Bonded Title is to protect any previous owners of the vehicle and the state of Illinois. Short on time? Check out our Bonded Title FAQ page.Īn Illinois Bonded Title (also known as an Illinois Certificate of Title, Illinois Lost Title Bond, or Illinois Defective Title Bond) is a document that proves you own your vehicle.Īn IL Bonded Title looks just like a regular title, except in the “title brand” section of the title, it is marked ‘bonded.’ The branding implies a surety bond is attached to the title. Are you a resident of the “Prairie State” and never received the title to your vehicle when you purchased it? Or perhaps you never registered your vehicle in your name and now you lost your title? You might be able to get an Illinois Bonded Title.