Compilation of Rules and Regulations of the State of Georgia
Department 560 - RULES OF DEPARTMENT OF REVENUE
Chapter 560-10 - MOTOR VEHICLE DIVISION
Subject 560-10-13 - SCRAPPED VEHICLES (UNDER THE MOTOR VEHICLES CERTIFICATE OF TITLE ACT)
Rule 560-10-13-.04 - Certificate of Title of a Vehicle where the Commissioner is not satisfied as to the Ownership; Bond
Current through Rules and Regulations filed through September 23, 2024
(1) When appropriate documentation is not available to prove ownership pursuant to the Certificate of Title Act and certificate of title is not held by a lien holder, the methodologies set forth herein shall be used to secure issuance of a Certificate of Title.
(2) An owner applying for a certificate of title and registration who cannot satisfy the commissioner as to the assignment of ownership shall submit to the commissioner or duly authorized county tag agent:
(3) The bond amount shall be double the fair market value of the motor vehicle as provided for in O.C.G.A. § 48-5C-1, or $5,000.00 whichever is greater.
(4) In the event the value is not found in the motor vehicle assessment, including any commercial vehicle or trailer, the bond amount shall be double the taxable value determined by the County Board of Tax Assessors, or $5,000.00 whichever is greater.
(5) Upon determination by the duly authorized county tag agent that the application with the appropriate documentation and that payment of all required fees has been received, the Department may issue a Georgia Certificate of Title that states "Surety Bond" in the legend.
O.C.G.A. §§ 40-3-3, 40-3-28, 48-2-12 and 48-5C-1.