The Ford Barn

Frank The Plumber · 12-24-2010, 01:44 PM

Actually per the post by Brum. To get a bonded title you post a bond. The bond only covers the State position on your car title. Your position is still up for question for 3 years from the date of state title issue. After 3 years the law says that if none claim on your ownership that their legal statute to make such claims expire after 3 years. If during that 3 year period your owner ship position can have a legal challenge to it and your position is lost, the legal owner is disbursed through the funding power of the bond. You personally will be liable to reimburse the bonding agency for the bond disbursement. To get this bond you give them all of your info, you give them the legal right to seize any and all items that you posses to reimburse themselves. It is in no way an insurance policy. If it can be proven that the vehicle is a stolen, the 3 years do not apply, the crime erases the period and the property can still be seized, many years later. Not kids stuff, very serious.

12-24-2010, 01:44 PM	#22
Frank The Plumber Senior Member Join Date: May 2010 Posts: 693	Re: Did I screw up? Title Issues? Washington Actually per the post by Brum. To get a bonded title you post a bond. The bond only covers the State position on your car title. Your position is still up for question for 3 years from the date of state title issue. After 3 years the law says that if none claim on your ownership that their legal statute to make such claims expire after 3 years. If during that 3 year period your owner ship position can have a legal challenge to it and your position is lost, the legal owner is disbursed through the funding power of the bond. You personally will be liable to reimburse the bonding agency for the bond disbursement. To get this bond you give them all of your info, you give them the legal right to seize any and all items that you posses to reimburse themselves. It is in no way an insurance policy. If it can be proven that the vehicle is a stolen, the 3 years do not apply, the crime erases the period and the property can still be seized, many years later. Not kids stuff, very serious.