Form TD-420-054 Vehicle Ownership Bond - Washington

What Is Form TD-420-054?

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

FAQ

Q: What is Form TD-420-054?A: Form TD-420-054 is a Vehicle Ownership Bond specifically for Washington.

Q: What is a Vehicle Ownership Bond?A: A Vehicle Ownership Bond is a type of surety bond that guarantees the vehicle's ownership is legitimate and protects against any potential claims or disputes.

Q: Who needs to use Form TD-420-054?A: Individuals or businesses in Washington who are unable to provide the required proof of ownership for a vehicle may need to use Form TD-420-054.

Q: How does Form TD-420-054 work?A: By submitting Form TD-420-054, the applicant agrees to post a bond to the state as collateral, ensuring the legitimacy of the vehicle ownership.

Q: What happens if there is a claim against the vehicle ownership?A: If there is a valid claim against the vehicle ownership, the bond will be used to compensate the claimant up to the bond amount.

Q: How long is Form TD-420-054 valid?A: Form TD-420-054 remains valid for as long as the bonded ownership is maintained and until the bond is released or replaced.