How to title a hot rod
(→Arkansas) |
(→Arkansas) |
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| Line 48: | Line 48: | ||
1. Bonded Title | 1. Bonded Title | ||
| − | In this method the owner must first get a form signed by a licensed police officer verifying the VIN of the vehicle to be titled. The owner must then file with the state for a bonded title. | + | In this method the owner must first get a form signed by a licensed police officer verifying the VIN of the vehicle to be titled. The owner must then file with the state for a bonded title.When the state returns a “Letter of approval” and assigns a value to the vehicle the owner must then post a bond with a corporate surety bond, certificate of deposit |
| − | + | ||
with assignment, or an irrevocable letter of credit filed with the Commissioner | with assignment, or an irrevocable letter of credit filed with the Commissioner | ||
within thirty (30) days from its effective date, '''for an amount equal to one and one | within thirty (30) days from its effective date, '''for an amount equal to one and one | ||
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