If you are building a custom vehicle that does not have a North Carolina Certificate of Title or have recently moved to North Carolina with an older model vehicle that does not have a Certificate of Title, you will need two appraisals to obtain an Indemnity/Title Bond in order to register your vehicle in North Carolina.
Two Appraisals
You won’t need to look for a second appraiser. Danny, along with another seasoned appraiser, will provide the two necessary appraisals. Two Appraisals $375.00! Other appraisers charge this much or more for one appraisal!
The Indemnity Bond
An Indemnity Bond written by an insurance company licensed to write Surety Bonds in North Carolina. The bond must be for one and one-half (1½) times the value of the vehicle.
CSI-NC Danny Wyatt can provide you with the name of insurance agents who write the Indemnity/Title Bond.
Steps to Obtaining the Indemnity/Title Bond
- Fill out Form MVR-92H / Affidavit of Facts. This form must be completed in full detail.
- Attach proof of ownership and it must be attached to the MVR-92H.
- If there is a lien on the vehicle, lien release must be attached. This form must be completed prior to Step #2.
- The vehicle must be inspected by a North Carolina State Highway Patrol Inspector. The inspector will provide a report of inspection (LT-270).
Note: The NCDMV License and Theft Bureau was transferred to the North Carolina State Highway Patrol and is now named the Investigative Services Unit.
NCSHP Troop Offices https://www.ncshp.gov/contact-us/troop-offices
- Have the vehicle appraised. The bond must be for one and one-half (1½) times the highest appraisal.
- Acquire an indemnity bond. An Indemnity Bond written by an insurance company licensed to write Surety Bonds in North Carolina. The bond must be for one and one-half (1½) times the value of the vehicle as shown in the Value Schedule provided by the Division and must be for a minimum of $100.00.
- Application for title (Form MVR-1) completed in full and signed in the presence of a notary. The name on the MVR-1 must be identical to the name listed on the Indemnity Bond and the Inspector’s Report (LT-270). The VIN (See Note 1), vehicle year, make and body style (See Note 2) on the MVR-1 must be identical to the Indemnity Bond and the Inspector’s Report (LT-270).
- Title Fee and Highway Use Tax is due at time of titling vehicle.
Note 1: 1981 or newer vehicles should have 17-digit VINs.
Note 2: Acceptable body style codes to use: 2S – 2 Door/4S – 4 Door/CN – Convertible/MP – Multi Purpose/ SW – Station Wagon/TK – Truck/TL – Trailer/UL – Utility Trailer/BT – Boat Trailer/ CT – Camping Trailer/MC – Motorcycle/ HC – House Car/ MH – Mobile Home