Idaho Administrative Code › Title IDAPA 39 - Transportation, Department of › Rule 39.02.05 - RULES GOVERNING ISSUANCE OF CERTIFICATES OF TITLE › Section 39.02.05.301 - BONDED TITLE

Current through August 31, 2023
01.
Conditions and Requirements
. Application may be made for a "bonded
			 title" when the applicant has actual possession of the vehicle but is unable to
			 provide proper documentation of ownership. (3-21-22)
a. Proper Documentation Cannot Be Obtained.
			 The applicant will satisfy the Department that proper documentation to obtain a
			 regular title cannot be obtained. However, the applicant will provide
			 sufficient documentation to satisfy the Department that it is more probable
			 than not that the applicant is the owner of the vehicle. (3-21-22)
b. Vehicle Physical Inspection. The applicant
			 will produce the vehicle for a physical inspection by a representative
			 designated by the Department. (3-21-22)
c. Affidavit of Explanation. The applicant
			 will provide an affidavit explaining the reasons for the absence of a valid
			 Certificate of Title or Certificate of Ownership or other documentation of
			 ownership identified in Section
			 100 of this rule, and how the
			 vehicle came into the possession of the applicant. A listing of any liens
			 (loans) or encumbrances against the vehicle; the name of the state, province or
			 country where the vehicle was last titled, or last registered if from a
			 non-titling state, province, or country; and the name under which the vehicle
			 was last titled, or last registered if from a non-titling state, province or
			 country is also necessary. (3-21-22)
d. Bond. The applicant will provide the
			 Department with a bond in the amount of one (1) and one-half (1/2) times the
			 value of the vehicle or a cash deposit of like amount, as provided in Section
			 49-523(b), Idaho
			 Code. A cash bond will be in the form of a cashier's check, money order or
			 certified check made payable to the Idaho Transportation Department. The form
			 of the bond will conform to the form ITD 3909, Vehicle Ownership Bond, which
			 can be obtained by calling 208-334-8663 during regular business hours.
			 (3-21-22)
e. Vehicle Appraisal. The
			 applicant will provide an appraisal of the vehicle either by a licensed Idaho
			 automobile dealer on the dealer's letterhead or other form provided by the
			 Department with dealer's number, or by a Motor Vehicle Investigator. The
			 appraisal will reflect the current retail value of the vehicle. This appraisal
			 will be considered by the Department to determine the value of the vehicle.
			 (3-21-22)
f. Application for Title.
			 The applicant will apply for title within ninety (90) days of the bond's
			 issuance. Should the application for title occur more than ninety (90) days
			 from the issue date of the bond or any subsequent rider, the applicant will
			 obtain a rider to provide bond coverage for three (3) years.
			 (3-21-22)
g. Bonded Title Brand.
			 Upon satisfying the Department's requirements for a bonded title, the applicant
			 will be issued a title bearing the brand "Bonded Title" and the brand's
			 expiration date, which will be three (3) years from the following: (3-21-22)
i. Date of issuance of the bond unless a bond
			 rider was issued; or (3-21-22)
ii.
			 If one or more bond riders were issued, the date of issuance of the most recent
			 bond rider; or (3-21-22)
iii. Date
			 of receipt of a cash deposit. (3-21-22)