![]() ![]() How do I obtain a duplicate car title? If you have had your vehicle title lost, damaged, or stolen, you can apply for a duplicate car title in the state of Vermont. ![]() As soon as you file the police report, bring a copy of it to your local Vermont DMV office when you apply for a duplicate car title, so that the DMV can have the police report on file. Since the car titles present the ownership of the vehicle, you need to report any incident in order to avoid any argument about the ownership of the vehicle. If you possess a damaged car title, you must bring it along with the needed documentation in order to apply for a duplicate car title.įor more information: How to Replace a Lost Vehicle Title in Vermont How do I file a police report if my car title was stolen? If you are a resident of Vermont with a stolen car title, you need to immediately contact your local law enforcement to file a police report for the stolen car title. The surety bond’s payment to the claimant is essentially a loan to you-a loan that gets the claimant paid promptly and gives you some time to come up with the funds to repay the surety bond company.Frequently Asked Questions Do I need to turn in my damaged car title? In the state of Vermont, when you apply for a car title replacement you need to provide the needed documentation no matter if you apply in person at your local DMV office or through mail. You must then, by law, reimburse the surety in full. But if a valid claim is filed before the bond expires, the surety bond company will pay the claim on your behalf. ![]() If nobody successfully challenges your bonded title during the three years that your Vermont title bond is in force, you will be issued a standard title. That’s the maximum amount that will be paid to anyone who can prove ownership of the vehicle and substantiate a financial loss caused by you having been issued a bonded title. The required amount of your title bond is 1.5 times that NADA value. You’ll also need to obtain the NADA average trade-in value for the vehicle. Prior to purchasing a Vermont title bond, you’ll need to check with your local VT DMV to make sure that you’re eligible for a Vermont bonded title. It also provides a source of funds to compensate the legitimate owner for any financial loss resulting from your actions. Requiring you to purchase a Vermont title bond protects VMVD against liability for having issued you a bonded title if it turns out that you didn’t own the vehicle. ![]() It’s likely that such an individual would also be able to prove a financial loss resulting from you claiming ownership. In issuing a bonded title, VMVD is taking a risk, because it’s possible that someone could show up during the three-year term of a bonded title and be able to prove ownership of the vehicle or a previously undiscovered lien against it. A bonded title will enable you to do any of the things you could do with a standard title. The first step in that process is for you to contact your local Vermont Motor Vehicle Division (VMVD) office, explain your situation, and find out whether you are eligible for a bonded title. Vermont issues bonded titles to people who have purchased a motor vehicle but lack a proper title that will allow them to register, insure, sell, or donate it. ![]()
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