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Section 26

Frequently Asked Questions (F.A.Q.)

26.10 Bonded Transfers

  1. Use this procedure when a transfer cannot be completed due to a lack of the required evidence of ownership. A bond is required for vehicles valued at $5,000 or more. A Statement of Facts, REG 256) is sufficient for vehicles valued at $4,999 or less. The REG 256 must state all attempts made to obtain the Title documents. A returned, unopened certified letter to the owner of record is required. A bond will not avoid any liens still on the vehicle.

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