Tag Archives: Surety Title Bonds -georgia

Georgia Department of Revenue (title Bond Section verbatim)

·       Vehicles purchased on or after March 1, 2013 and titled in this state will be exempt from sales and use tax and the annual ad valorem tax. Instead, these vehicles will be subject to a new, one-time title ad valorem tax that is based on the value of the vehicle.

More information on the Title Ad Valorem Tax fee is available at www.newtitletax.com

·        If you, the vehicle owner, do not have the required proof of ownership documents to obtain a Georgia title in your name for your vehicle, you may apply for a Georgia title on the basis of a surety bond.

·        Important:  To obtain a Georgia title based on a title bond (surety bond), you, the vehicle owner, must be a legal resident of Georgia and the vehicle must be a vehicle that requires a Georgia title

o   1) Cannot be an abandoned vehicle

o   2) Cannot be a 1985 or older year model vehicle

o   3) Cannot be a vehicle that does  not  require a Georgia title.

·        1) A completed and signed  Form MV-1 Title/Tag Application

·        2) A completed and signed  Form MV-46 Certificate of Title Bond

o   a) Backed by an insurance company licensed to issue surety insurance in Georgia naming the vehicle owner as the principal. In all spaces requiring either the owner’s name or the principal’s name, enter the vehicle owner’s legal name.

o   b) No matter what condition the vehicle is in, the bond must be written in the amount of the average retail value of the vehicle according to values used by this department & established by the GA Department of Revenue, Property Tax Division

o   c) The vehicle owner & the agent for the insurance company must sign this form in the designated spaces. If jointly owned, each owner must sign.

o   d) All signatures on the bond must be witnessed. The witness should sign in the designated spaces.

o   e) A power of attorney authorizing the agent to write the bond on behalf of the insurance company must be attached to the bond.

·        3) A completed and signed  Form MV-46A Certificate of Title Bond Affidavit

o   b) The signature on this form must be notarized. The notary public must sign, affix his or her notary seal or stamp & record the date their notary commission expires.

·        4) A completed and signed  Form T-22B Certification of Inspection

o   a) If the Form T-22B Certificate of Inspection indicates that the serial plate is missing, a  Form T-128 Missing Serial Plate Affidavit  is required. The vehicle’s current title may be submitted in lieu of Form T-22B.

·        5) Any available ownership papers (e.g. Title, bill of sale, lien release, etc.).

·        6) $18.00 title fee.

Important: The title must be applied for within six-months (6) of the bond’s issue date. The minimum acceptable bond amount is $100.00. For verification of the bond amount, your insurance company may call (404) 968-3860. Certain bond amounts may be obtained from your County Tag Office.

 

 

·        To get a Title Bond Now, Click Here

Surety Title Bonds for Georgia

Surety Title Bonds
Required Procedure per Athens Clark County

When the proper supporting documents required by law for the issuance of a certificate of title on a motor vehicle (that is required to be titled in this state) cannot be obtained, a certificate of title may be obtained on the basis of a surety bond. If it becomes necessary to title on the basis of a surety bond, the following procedures must be followed:

  • Title Application – The application (Form MV-1) must be completed in full and signed by the applicant(s), reflecting the same name shown as the principal on the Certificate of Title Bond (Form MV-46).
  • Certificate of Title Bond (Form MV-46) – This form must be executed by an insurance company licensed to do business in the State of Georgia. The bond should be issued in the amount determined by the Georgia Department of Revenue.  This amount may be obtained by contacting the Clarke County Tag Office.  Note: The MV-46 form must be signed by the principal and the agent for the insurance company. These signatures are required to be witnessed (attested).
  • Affidavit for Certificate of Title Bond (Form MV-46A) – Form needs to be completed in it’s entirety.  Form MV-46A must be in the same name(s) as reflected on Form MV-46. This form must be signed by the applicant(s) and signature(s) must be notarized.
  • Power of Attorney – This must be completed by the insurance or bonding company, authorizing the agent to issue the title bond for the insurance or bonding company.
  • Certification of Inspection (Form T-22B) – This form must be completed by a law enforcement officer after a visual inspection of the vehicle’s serial plate has been made. A valid Georgia title may be submitted in lieu of Form T-22B.
  • Ownership Support Documents – Original bill of sale must be submitted.
  • Fees – Applicable title transfer fees, including Title Ad Valorem Tax (TAVT) and any associated penalties are due an payable upon processing of the Surety Title Bond.

The Georgia title must be issued within six months of the date of the bond. The minimum bond amount acceptable is $100, regardless if the vehicle’s value is less than $100.

Surety Title Bond Exclusions

A certificate of title bond cannot be obtained to secure a Georgia Certificate of Title for an abandoned vehicle or a vehicle that is a 1985-year model or older. A certificate of title for an abandoned vehicle must be obtained pursuant to the abandoned motor vehicle procedures.  These procedures are available from the Georgia Department of Revenue. A surety bond cannot be obtained for vehicles not required to be titled in the State of Georgia (e.g., mopeds or boat trailers).