The state of Montana enacted a new bill concerning the method of attaining a title for motor vehicles. The new law, which is titled HB 380, requires a surety bond to be acquired in order to attain the certificate of title for a motor vehicle should it be sold devoid of the manufacturer’s certificate of origin. The surety bond indemnifies individuals who endure damages by the issuance of a title to the vehicle’s buyer. HB 380 law was introduced on January 28th, 2009.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.