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Title:  

Titles Obtained by Bond

 
 Volume/Number:  2010 August 
 Issuing Agency:   
 Description:  A bond is required when standard ownership documents (i.e., assigned title) cannot be surrendered with an Application for Certificate of Title (625 ILCS 5/3-109). The Secretary of State may, as a condition of issuing a Certificate of Title, require the applicant to file a bond in the amount equal to one and one-half times the current wholesale value of the vehicle. 
 Date Created:  08 25 2010 
 Agency ID:  Fact Sheet 
 ISL ID:  000000044000   Original UID: 23493 FIRST WORD: Titles