This surety bond is required by the New York Department of Motor Vehicles under the provisions of the Title Act, Title X, Article 46, of the New York State Vehicle and Traffic Law. When the title of a vehicle is damaged or cannot be produced, a surety bond is sometimes necessary. The required bond amount is equal to 1.5 times the value of the vehicle as determined by the Commissioner. The premium on this bond is usually as low as 1.5%.
To Acquire a New York Defective Title Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.