Mississippi Certificate of Title Bond Guide
SuretyBonds.com provides the fastest and easiest way to get a Mississippi bonded title. Learn how to navigate the lost vehicle title bonding process with this complete guide.
Bond Overview
- Purpose: To guarantee legal ownership of a vehicle and protect previous and future owners
- Who Needs It: Individuals looking to register, transfer or sell a vehicle without a valid title
- Regulating Body: The Mississippi Department of Revenue
- Required Amount: 1.5x the vehicle’s appraisal value
- Premium Rates: $15 per $1,000 in coverage, starting at $100
- Term Length: Valid for 3 years, does not renew
What Is a Mississippi Bonded Title?
A Mississippi bonded title is simply a vehicle title backed by a surety bond. It proves you are the legal owner of a vehicle when the original title is invalid, unavailable or can not be transferred.
What Is a Mississippi Certificate of Title Bond?
Mississippi Code Section 63-21-23 requires individuals with insufficient proof of vehicle ownership to file a surety bond as part of the vehicle registration process.
The certificate of title bond acts as financial security to repay monetary losses if the car turns out to be stolen or the title is otherwise invalid.
In the event of theft or forgery, the surety can compensate the rightful owner or prior lienholders for the full value of the vehicle and any other damages.
How Much Bond Coverage Do I Need?
To get a Mississippi bonded title, your certificate of title bond must cover 1.5 times the vehicle’s appraised value as determined by the DOR. For example, a car worth $5,000 needs $7,500 in bond coverage.
Always verify your exact bond requirement with the state before purchasing to ensure your bond will be accepted.
How Much Do Title Bonds Cost in Mississippi?
Mississippi title bonds cost $100–$600 for most applicants. With SuretyBonds.com, you’ll pay $15 per $1,000 of coverage with a $100 minimum. Buy now to receive your official bond in minutes via email.
Please Note: If your bond amount is over $50,000, your application will go through underwriting review to determine your rate. Most bonds are quoted and issued same day.
How Does a Mississippi Certificate of Title Bond Work?
A Mississippi title bond creates a legal contract between three parties:
- Principal: You, the bonded title applicant purchasing the bond
- Obligee: The Mississippi Department of Revenue, Motor Vehicle Services
- Surety: The provider issuing the bond
By filing this bond, you verify you are the vehicle's sole, legal owner to the best of your knowledge.
If another party provides ownership documentation, they can file a claim against the bond. The surety company will pay valid claims up to the full bond amount, which you must reimburse.
Who Needs a Mississippi Certificate of Title Bond?
Under the Mississippi Motor Vehicle Title Act, a lost title bond may be required for vehicle registration if you are missing an official vehicle title. If you simply lost or made an error on your existing title, you can typically request a duplicate title.
Typically, you will need a Mississippi bonded title under one of these conditions:
- You did not receive a title when you bought the vehicle
- Your title was incorrectly assigned
- You lost the title before transferring it into your name
Note: Title bonds are required to register vehicles with missing titles. If you plan to sell used vehicles, you’ll need a separate Mississippi designated agent bond.
How Do I Get a Lost Title Bond in Mississippi?
To get a Mississippi title bond, you must provide the following information for MVD approval:
- Vehicle identification number (VIN)
- Year
- Make
- Model
- Body type
- Number of cylinders
- New or used
- Bill of sale documents (only for bonds over $50,000)
Then, buy online or submit a quote request with SuretyBonds.com to receive your bond via email same-day.
To apply for your bonded title, mail all documentation to the DOR at the address below:
Mississippi Department of Revenue
Motor Vehicle Services
P. O. Box 1383
Jackson, MS 39215-1383
The DOR only accepts title bonds filed within 30 days of their effective date, so file as soon as possible.
How Fast Can I Get My Bond?
If your bond amount is below $50,000, you can buy and receive your bond instantly online.
For bond coverage over $50,000, we can typically process applications same-day. We’ll email your official bond form within minutes of purchase.
Who Regulates Motor Vehicle Registration in Mississippi?
The Mississippi DOR Motor Vehicles Services Division enforces vehicle registration in the state, including bonded title issuance. You can contact customer support at (601) 923-7200.
How to Get a Bonded Title in Mississippi
Follow the steps below to apply for your Mississippi bonded title.
Step 1: Verify eligibility
First, verify your vehicle meets the following bonded title eligibility requirements.
- Vehicle is operable
- Vehicle has no liens or security interests
- Vehicle was legally acquired
Step 2: Gather sales documents
If you bought your vehicle from a previous owner, you'll need to provide a copy of the bill of sale. If applicable/available, you'll also need to provide a copy of the previous bill of sale or a copy of two years of tag and tax receipts from the previous owner.
Step 3. Get an inspection
Next, make a VIN inspection appointment with the Mississippi Department of Public Safety. If the vehicle passes, the inspector will provide a signed vehicle inspection form (Form 78-022).
Step 4: Appraise the vehicle
Next, get your vehicle appraised or use a valuation guide, such as the Kelley Blue Book or NADA, to verify the vehicle’s value. This will determine your surety bond amount.
Step 5: File a title bond
Buy a certificate of title surety bond for 1.5 times the vehicle’s appraisal value. You can buy or apply for your Mississippi title bond online 24/7.
File the bond with the DOR before applying for your bonded title.
Step 6: Submit a bonded title application
Finally, fill out the replacement title application form and submit all supporting documents and the $9 fee to the DOR.
How Long Will It Take to Receive My Bonded Title?
Mississippi bonded title applications are typically reviewed within two weeks. Once you receive your official bonded title certificate, you will be registered as the legal and proven vehicle owner.
If you’re in a rush, you can submit a FAST TRACK application form instead. These are typically processed within 72 hours. The FAST TRACK application fee is $39 rather than the standard $9.
Can I Sell a Vehicle With a Bonded Title in Mississippi?
Yes, a Mississippi bonded title allows you to register, insure and transfer ownership of a vehicle when the original title is lost. It acts the same as a standard title, but the certificate of title bond provides security for the vehicle purchaser.
Can I Update My Bond Form?
The most common changes for these bonds include updating the following details:
- Vehicle information
- Owner name
- Address
If your certificate of title bond form needs amended for any reason, email [email protected] to explain the request.
Can I Get Bonded With Bad Credit?
Yes, these bonds are typically available for instant purchase with no credit check. If your bond does require an application, we’ll search for the best available rate with our markets.
How Do I Renew My Certificate of Title Bond?
Mississippi bonded titles expire three years from the effective date and do not renew. The state will return the bond at that time and you can apply for a standard title.
