Frequently Asked Questions (F.A.Q.)
26.10 Bonded Transfers
- 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.