How to title a hot rod
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(→Arkansas) |
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Further Documentation: | Further Documentation: | ||
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| + | There are three methods available to title a hot rod in Arkansas. Which one to use depends upon the vehicle and personal preference. | ||
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| + | 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. | ||
| + | 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 | ||
| + | within thirty (30) days from its effective date, '''for an amount equal to one and one | ||
| + | half (1 ½) times the value of the vehicle as determined by the Commissioner'''. | ||
| + | The bond,certificate of deposit and assignment or letter of credit shall be delivered | ||
| + | to the Commissioner, and accompanied by: | ||
| + | (a) an application for registration and issuance of a | ||
| + | certificatee of title to the vehicle signed by the vehicle | ||
| + | owner; | ||
| + | (b) a letter from the Commissioner granting authorization | ||
| + | to apply for a bonded title; | ||
| + | (c) any additional documentation otherwise necessary to | ||
| + | comply with specific statutory requirements for | ||
| + | registration and issuance of a certificate of title to a | ||
| + | vehicle (the form from the police officerbeing part of this) | ||
| + | (d) the payment of all requisite fees and taxes for the | ||
| + | registration and issuance of a certificate of title to a | ||
| + | vehicle. | ||
| + | A bonded title will then be issued. | ||
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| + | 2. Petition to quiet title. | ||
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| + | Citizens of certain counties can petition the county court to have a judge "quiet the title". | ||
| + | This also requires the the owner to first get a form signed by a licensed police officer verifying the VIN of the vehicle to be titled. Aterward a petition is filed for quiet title with the court. In Boone County this petition costs $150. It requires the bill of sale and the appropriate forms. | ||
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| + | 3. Manufactured vehicle | ||
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===Arkansas=== | ===Arkansas=== | ||
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