What is an New Hampshire Lost Title Bond?
New Hampshire Lost Title Bonds are required by the state of New Hampshire's DMV 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 New Hampshire 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.
Different parts of a bond:
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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How much does a New Hampshire Lost Title Bond cost?
For New Hampshire Lost Title Bonds under $5,000 the cost of the bond is $100. For bonds over $5,000 the rate is 1.5%
New Hampshire Lost Title Bond Information and Requirements
Bond Amounts may vary depending on credit score and the requirements of each state.
Residents of New Hampshire are required to apply for a New Hampshire title for any motor vehicle that meets New Hampshire requirements for a title. Vehicles that are being registered in New Hampshire and require titles must have a New Hampshire title application prepared. All owners that purchase vehicles are required to apply for a new title within twenty (20) days of the date of the sale. A title application must be mailed or delivered to the Title Bureau after preparation by the New Hampshire selling dealer, the New Hampshire Town/City Clerk or the lien holder. Vehicles that have a model year of 1999 or older are not titled, except for heavy trucks with three (3) or more axles. The DMV's Bureau of Title and Anti-Theft administers all title applications for proper transfer of ownership, recording of liens and to check for federal odometer requirements.