Minnesota Ownership and Security Interest Surety Bond (Title Bond)
Minnesota Ownership and Security Interest Surety Bond (Title Bond) Information
A Minnesota Title Surety Bond (also known as an Ownership and Security Interest Surety Bond, Lost Vehicle Title Bond, Certificate of Title Bond, or Bonded Title) is typically required in Minnesota by the current owner of a vehicle when a title has been lost, stolen or is missing. The bond allows for you to legally transfer ownership and register the vehicle. The bond term is 3 years for this bond. The exact amount of bond is 1.5 times the total vehicle value as determined by the state.
How Much Does an Ownership Surety Bond for Title Cost in Minnesota?
Bonds up to $6,500
Bonds over $6,500 up to $30,000
1.5% of the Bond Amount
Bonds over $30,000