Navigating the maze of documentation required for motor vehicle transactions can often seem daunting, especially when it involves securing a title for a vehicle with no prior documentation or disputed ownership. Enter the MV-46 form, a critical document for many vehicle owners within the state of Georgia seeking to establish a clear title. This Motor Vehicle Certificate of Title Bond, updated in June 2005, serves as a pivotal tool in the process, providing a financial guarantee to the Georgia Department of Revenue Commissioner. The form establishes an agreement where the principal (the vehicle’s owner) and the surety (a licensed corporation authorized to conduct business in Georgia) are bound collectively to the Commissioner for a specified sum. This bond safeguards against losses resulting from any defects or undisclosed securities on the vehicle’s title, ensuring that any prior owners, lienholders, or subsequent purchasers who incur expenses or damages due to the title’s issuance can be compensated. The MV-46 form not only facilitates the process of obtaining a certificate of title under specific Georgia code but also underscores the importance of financial security and trust in the world of vehicle documentation and ownership.
| Question | Answer |
|---|---|
| Form Name | MV-46 Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | printable mv 46, mv 46 form, mv 46 pdf, mv46 |
Motor Vehicle Certificate of Title Bond
KNOW ALL MEN BY THESE PRESENTS:
That we, __________________________________________________________, as Principal (owner’s legal name) and
________________________________________________________________________, a corporation duly organized
and doing business under and by virtue of the laws of the State of ________________________________,and authorized
to do business in the State of Georgia, and duly licensed for the purpose of making, guaranteeing, or becoming sole surety upon bonds, or undertakings as required or authorized by the State of Georgia, as Surety, are held and firmly bound unto the Georgia Department of Revenue Commissioner of the State of Georgia in the sum of
__________________________________dollars ($_______________) lawful money of the United States of America
for the payment whereof well and truly to be made, we bind ourselves, our heirs, executors, successors and assigns, jointly and severally, firmly by these presents.
The conditions of the foregoing obligation is such that WHEREAS, the above Principal has made application for a Certificate of Title under Section
Year________ Make____________________ Vehicle Identification Number__________________________________
NOW, THEREFORE, if any prior owner, lien holder, or security interest holder, and if any subsequent purchaser of the above vehicle or person acquiring any security interest or lien in it, and their respective successors in interest should suffer any expense, loss or damage, by reason of the issuance of the Certificate of Title of the above vehicle or on account of any defect in or undisclosed security upon the right, title and interest of the Principal in and to the vehicle, the Georgia Department of Revenue Commissioner shall have a right of action to recover on this bond for the benefit of such person.
That said bond shall remain in force and effect for a period of four (4) years from the date of issuance of this bond unless the Georgia Department of Revenue Commissioner has been notified of a breach of a condition of the bond.
Signed, sealed and dated this ______________day of______________________, __________
|
(Month) |
(Year) |
________________________________________ |
_________________________________________(Seal) |
|
(Signature of Witness) |
|
(Principal’s /Owner’s Signature) |
_________________________________________ |
__________________________________________(Seal) |
|
(Signature of Witness) |
|
(Surety Agent’s Signature) |