Massachusetts Lost Title Bonds are required by the state of Massachusetts's RMV to obtain your title and register your vehicle, boat, RV, mobile home or trailer. The bond ensures that you are the rightful owner of the vehicle, Mobile home, trailer etc. The Massachusetts Lost Title Bond guarantees damages up to the bond limit for a legitimate title holder that may surface in the future with a valid claim to the vehicle, Mobile home, boat or trailer.
The bond is required when The Obligee (obligator) is the entity requiring you to get the bond. There are 3 parts to a surety bond. The Principal, The Surety Company, and the Obligee. The Principal is the business or individual applying for the Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.
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For Massachusetts Lost Title Bonds under $5,000 the cost of the bond is $100. For bonds over $5,000 the rate is 1.5%
A vehicle is considered undocumented when the purchaser does not have all the documents required to transfer ownership and apply for a certificate of title. The RMV can register and title an undocumented vehicle at its discretion. As a condition of issuing a certificate of title, the RMV may require the customer to file a bond in an amount equal to one and one half times the National Automobile Dealers Association clean trade-in value of the undocumented vehicle.
The customer may submit the following documents to the RMV to obtain approval for bonding:
• Notarized Affidavit attesting to the complete history of the vehicle as known. Affidavit must include vehicle's model year, make, and Vehicle Identification Number
• Completed Visual Inspection of VIN
• Any other documentation pertaining to the transfer of ownership of the vehicle, including bills of sales or cancelled checks
To request a replacement or duplicate of your Massachusetts certificate of title, you will need your:
This information can be found on your registration.
You will also need your: