Are you a resident of the “Prairie State” and never received the title to your vehicle when you purchased it? Or perhaps you never registered your vehicle in your name and now you lost your title? You might be able to get an Illinois Bonded Title.
Short on time? Check out our Bonded Title FAQ page.
An Illinois Bonded Title (also known as an Illinois Certificate of Title, Illinois Lost Title Bond, or Illinois Defective Title Bond) is a document that proves you own your vehicle.
An IL Bonded Title looks just like a regular title, except in the “title brand” section of the title, it is marked ‘bonded.’ The branding implies a surety bond is attached to the title.
The purpose of an IL Bonded Title is to protect any previous owners of the vehicle and the state of Illinois.
You can learn more about how the surety bond works and what it means to be bonded at the end of the article.
You might qualify for a bonded title in any of the following situations, but this is not a complete list:
Please note that you do not need an Illinois bonded title in these situations:
Not sure if you need an IL Bonded Title? Check out this awesome infographic.
Your local DMV is the only entity that can tell you if you are eligible for a bonded title.
While we, Surety Solutions, can provide you with information on when you might need a bonded title, we cannot say for certain. Only your local DMV can. Call your local DMV, explain why you do not have a title, and ask if you could get a bonded title.
If they say yes, you can move on to step #2.
Gather proof that you own your vehicle. Qualifying evidence could include a bill of sale, receipt, or canceled check from when you purchased your vehicle.
If none of these items are available, you must write a notarized statement explaining how you came into possession of your vehicle.
Get this appraisal from either a licensed vehicle dealer or a used vehicle price guide such as Kelly Blue Book or NADA Guide.
Your bond amount must be 1.5 times the value of your vehicle (that you determined in Step #3).
For example, if your vehicle is valued at $2,000, your bond amount needs to be $3,000.
Calculate your bond amount, then move on to the next step.
Purchase a bond from a surety bond company.
You do not need to pay the entire bond amount, but you do need to make sure you apply for the right bond amount. Otherwise, your bond might be rejected by the DMV.
Surety Solutions, A Gallagher Company does not issue Certificate of Lost Title Bonds
Before you purchase your title bond – learn important payment info
You can do this online and print out. You will also need to pay a title fee, payable to the Secretary of State.
Submit your Illinois Bonded Title paperwork and Illinois Lost Title Bond to the Secretary of State at the address below:
Secretary of State
Vehicle Titles Division
Attn: Bonded Titles
609 Howlett Building
501 S. Second St.
Springfield, IL 62756-7000
It could take up to a couple of weeks for the Secretary of State to process your IL Certificate of Title Bond paperwork. Upon approval, you will be mailed an IL Bonded Title. Your title will be marked “bonded”.
For more information on how to obtain an IL Bonded Title, call 217-782-9796
When you get a bonded title, you are promising that you are the true owner the vehicle and that you will take responsibility for any bond claims.
If someone comes forward later on and says that they are the owner of the vehicle and that you should not have been granted a bonded title, they can make a claim on your bond.
If the claim is determined to be valid, you would be responsible for satisfying the claim. Usually, this would mean a financial compensation. The surety company would determine what is fair.
If you fail to satisfy the claim, the surety company would satisfy the claim for you. Then, they would come to you for reimbursement. Essentially, the bond holds you liable for your actions, no matter what.
Want more information about what happens if someone made a claim on your bond? Check out this resource.
Yes, IL Bonded Titles expire 3 years after the date they are issued. The “bonded” brand remains on the title for the entire 3 years.
If no one comes forward during that time and makes a claim against your bond, you (or whoever owns the vehicle at the time), can go the DMV and apply for the “bonded” brand to be removed from the title. Upon approval, the DMV would then issue you a clear title.
