Form MVT-18 "Motor Vehicle Title Surety Bond" - Maine

What Is Form MVT-18?

This is a legal form that was released by the Maine Department of the Secretary of State - a government authority operating within Maine. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on January 1, 2013;
  • The latest edition provided by the Maine Department of the Secretary of State;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form MVT-18 by clicking the link below or browse more documents and templates provided by the Maine Department of the Secretary of State.

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Download Form MVT-18 "Motor Vehicle Title Surety Bond" - Maine

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State of Maine
Motor Vehicle Title Surety Bond
KNOW ALL MEN BY THESE PRESENTS:
________________________________________
_____________________________,
That I (we),
of
county of
Name(s)
City/Town
__________________________________,
___________________________,
state of
herein referred to as
“principal”,
________________
desire that the Secretary of State issue a certificate of title in the state of Maine for a vehicle described as a
Year
_________________ __________________________________.
We cannot provide sufficient documentation to meet
the
Make
Vehicle Identification Number
full requirements of 29-A M.R.S.A. §654.
___________________________,
Therefore, to obtain a certificate of title pursuant to 29-A M.R.S.A. §659, the principal and
Name of Surety
________________________________________,
a surety company organized and existing under the laws of the state of
______________________________,
and duly authorized to conduct a surety business in the state of Maine, with an office in
City / Town
Maine, as surety, by this instrument firmly bind ourselves, our heirs, executors, personal representatives, administrators,
successors and assigns, jointly and severally, to the state of Maine, its officers and employees, for the state’s benefit and for the
benefit
_______________________________
of an interested person, as defined below, in the sum of
dollars ($________________).
This bond shall indemnify any prior owner and any prior lien holder and any subsequent purchaser of the above -described vehicle or person
acquiring any security interest in it, and their respective successors in interest, against any expense, loss or damage, including reasonable attorney’s
fees, by reason of the issuance of the right, title, and interest of the principal in and to the vehicle. Any such interested person has a right of action to
recover on this bond for any breach of its conditions, but the aggregate liability of the surety to all persons shall not exceed the amount of this bond.
This bond shall remain in effect for 3 years unless terminated prior thereto by full compliance with 29-A M.R.S.A. §654 or by termination of
registration and surrender of title as provided in 29-A M.R.S.A. §659, except that this bond shall not terminate where the Secretary of State has been
notified of the pendency of an action to recover under this bond within the 3-year period designated.
Principal and surety agree to be bound by the laws of the state of Maine as to the interpretation of this instrument.
_________________________________,
__________________
IN WITNESS WHEREOF, the above
as principal, and
_____________________________,
and seal, duly
as surety, have caused this instrument to be duly executed under their hand
__________________________
___________________________,
____.
attested for and on their behalf, this
day of
20
____________________________________________ ____________________________________________
Witness
Principal
__________________________________________________________ __________________________________________________________
Witness
Surety Company
__________________________________________________________
Countersigned if not Maine Company
101 Hospital Street, 29 State House Station, Augusta, ME 04333-0029
207-624-9000 Ext. 52138 FAX: 207-624-9239 TTY Users call Maine Relay 711
MVT-18 (Rev 1-2013
State of Maine
Motor Vehicle Title Surety Bond
KNOW ALL MEN BY THESE PRESENTS:
________________________________________
_____________________________,
That I (we),
of
county of
Name(s)
City/Town
__________________________________,
___________________________,
state of
herein referred to as
“principal”,
________________
desire that the Secretary of State issue a certificate of title in the state of Maine for a vehicle described as a
Year
_________________ __________________________________.
We cannot provide sufficient documentation to meet
the
Make
Vehicle Identification Number
full requirements of 29-A M.R.S.A. §654.
___________________________,
Therefore, to obtain a certificate of title pursuant to 29-A M.R.S.A. §659, the principal and
Name of Surety
________________________________________,
a surety company organized and existing under the laws of the state of
______________________________,
and duly authorized to conduct a surety business in the state of Maine, with an office in
City / Town
Maine, as surety, by this instrument firmly bind ourselves, our heirs, executors, personal representatives, administrators,
successors and assigns, jointly and severally, to the state of Maine, its officers and employees, for the state’s benefit and for the
benefit
_______________________________
of an interested person, as defined below, in the sum of
dollars ($________________).
This bond shall indemnify any prior owner and any prior lien holder and any subsequent purchaser of the above -described vehicle or person
acquiring any security interest in it, and their respective successors in interest, against any expense, loss or damage, including reasonable attorney’s
fees, by reason of the issuance of the right, title, and interest of the principal in and to the vehicle. Any such interested person has a right of action to
recover on this bond for any breach of its conditions, but the aggregate liability of the surety to all persons shall not exceed the amount of this bond.
This bond shall remain in effect for 3 years unless terminated prior thereto by full compliance with 29-A M.R.S.A. §654 or by termination of
registration and surrender of title as provided in 29-A M.R.S.A. §659, except that this bond shall not terminate where the Secretary of State has been
notified of the pendency of an action to recover under this bond within the 3-year period designated.
Principal and surety agree to be bound by the laws of the state of Maine as to the interpretation of this instrument.
_________________________________,
__________________
IN WITNESS WHEREOF, the above
as principal, and
_____________________________,
and seal, duly
as surety, have caused this instrument to be duly executed under their hand
__________________________
___________________________,
____.
attested for and on their behalf, this
day of
20
____________________________________________ ____________________________________________
Witness
Principal
__________________________________________________________ __________________________________________________________
Witness
Surety Company
__________________________________________________________
Countersigned if not Maine Company
101 Hospital Street, 29 State House Station, Augusta, ME 04333-0029
207-624-9000 Ext. 52138 FAX: 207-624-9239 TTY Users call Maine Relay 711
MVT-18 (Rev 1-2013