What is an Ohio Lost Title Bond?
Ohio Lost Title Bonds are required by the state of Ohio's BMV 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 Ohio 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 Ohio Lost Title Bond cost?
For Ohio Lost Title Bonds under $5,000 the cost of the bond is $100. For bonds over $5,000 the rate is 1.5%
Ohio Lost Title Bond Information and Requirements
Any will issue a replacement title when information on the previously issued title needs to be changed.
If there is a lien on the vehicle, you must contact the lienholder to make changes to the existing title record.
Payment for is required at the time of titling.
If an original title is lost, stolen or destroyed, you can apply for a duplicate title at a .