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Product:

Lost Title

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Description:

If you purchase a car from a private seller (not from a car dealer) and didn’t receive a title, then you’ll need to purchase and maintain a lost title bond for a certain period. The lost title bond is a financial guarantee that you make if somebody else contests rightful ownership over the vehicle. If your bond goes unchallenged for the required duration, then the DMV can issue a new title under your name.

Obligee: The DMV, MVD or other State entity