![]() They will process your application and return to you a bonded title in your name.Īfter 3 years of having BONDED stamped on your vehicle title, the bonded title brand will dissipate and you will have a clean Arkansas title in your name. Once you’ve completed the official documents, passed inspection, and obtained your title bond, submit all of your documents and any state title fees to the Department of Finance and Administration Office of Motor Vehicles – Bonded Titles. Most title bonds cost around $100-$150 for average-value vehicles. ![]() Most title bonds are required to be 1.5x the value of the vehicle, however, that doesn’t mean it costs that much to purchase. This value is typically based on the book value of the vehicle. The Arkansas DMV will tell you the value of the bond to purchase. If approved, the next step is to complete the Application for Vehicle Registration (10-381) and purchase your title bond. The DMV will take 10-25 business days to process your application. Once your inspection is complete, the officer who inspected the vehicle will complete the Vehicle Verification form for you.Īfter your vehicle has passed its inspection, gather all of the documents so far and submit them to the Department of Finance and Administration Office of Motor Vehicles – Bonded Titles. To schedule your inspection, contact your Arkansas State Police department. The bonded title process requires that all vehicles are inspected prior to the title being issued. If your vehicle meets the eligibility requirements of an Arkansas bonded title, begin the application process by completing the Statement of Facts (10-345) and the Bill of Sale (10-313). How to apply for a bonded title in Arkansas The vehicle is not involved in ownership litigation.The vehicle is not subject to a mechanic’s lien or storage lien.The vehicle does not have a junk title or similarly branded title.Vehicle requirements for a bonded title in Arkansas ![]() How to get a bonded title in Arkansasīefore beginning your bonded title process, make sure that your vehicle meets the eligibility for a bonded title. The vehicle title bond provides security for the DMV to assign the ownership in the event that there is an ownership discrepancy after the bonded title is issued. The DMV in your state is essentially taking your word that you are the owner of the vehicle. This is because, in order to receive a bonded title, you must have a major lack of proper documentation. What is a bonded title?Ī bonded title is a type of title recovery method that requires the purchase of a surety bond, also known as a vehicle title bond, to secure the ownership of the vehicle. If you are an Arkansas resident, a bonded title can effectively recover your vehicle title if you don’t have sufficient evidence of ownership.
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