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Open Penalty Bond

A surety bond written without a limit on the liability of the principal or surety. Under the regulations of the federal government and the laws of many of the states, surety companies are not permitted to obligate themselves on any one bond for an amount greater than a specified percentage of their capital and surplus (qualifying power).

Surety Bond Resources

Notice of Determination for a Bonded Title in Texas

Your Notice of Determination for a bonded title is not a rejection. The Texas Department of Motor Vehicles sent Form...

Desk scene with Texas vehicle title paperwork, a certified death certificate, car keys, a pen, a car model, a courthouse model, and a Texas cutout.

Losing a family member is hard enough without a stack of DMV paperwork. Texas law requires a vehicle title transfer...

Bonded Title vs Abandoned Title

A bonded title proves ownership when paperwork is missing. An abandoned vehicle title applies to vehicles left without an owner....

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