Mississippi Guardian Bond
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How to fill out Mississippi Guardian Bond?
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FAQ
Bonded Titles and Surety Bonds A bonded title is a vehicle title that includes a surety bond to guarantee the vehicle owner's legitimate ownership of the vehicle. By purchasing a bonded title, a vehicle owner takes legal and financial responsibility for the truth of their statements regarding the vehicle.
A surety bond protects the obligee (the party to whom the bond is paid to in the event of a default) against losses, up to the limit of the bond, that result from the principal's (the party with the guaranteed obligation) failure to perform its obligation.
How to get a bonded title in Mississippi. The state of Mississippi requires that a person applying for a replacement or bonded title for their car must first purchase a certificate of title bond. To get the replacement title, you must also fill out Form 78-006 and pay a $9 fee to the Mississippi Department of Revenue.
The Mississippi Motor Vehicle Title Act required a Bill of Sale as a supporting document when making application for Certificate of Title. Many dealers have been following a custom of providing an invoice to the buyer in lieu of a Bill of Sale.
1The surety company will give the Principal (the person who is bonded) a chance to satisfy the claim.2If the Principal fails to satisfy the claim, the surety company will step in and satisfy the claim. The surety company will then go to the Principal for repayment of satisfying that claim.
Determine the bond type and bond amount you need. Gather the information required to apply for your surety bond. Apply with SuretyBonds.com to get your free, no obligation quote. Purchase and receive your bond. File your surety bond with the obligee.
How to get a bonded title in Mississippi. The state of Mississippi requires that a person applying for a replacement or bonded title for their car must first purchase a certificate of title bond. To get the replacement title, you must also fill out Form 78-006 and pay a $9 fee to the Mississippi Department of Revenue.
If you are planning either to buy or sell a vehicle and that vehicle's title is missing, the owner of the vehicle must apply for a duplicate title. The sale is not valid without a properly assigned title.
1Bonding Company. The first step in filing your surety bond claim is to find out who bonded the offender.2Make Contact.3Maintain Contact.
