SB2245 amends the procedure for obtaining a bonded title for a motor vehicle in Texas.
SB2245 amends the Texas Transportation Code to modify the procedure for obtaining a bonded title for a motor vehicle. The bill allows a person to obtain a title by filing a bond with the department if the vehicle is in their possession and certain conditions are met, such as no security interest on the vehicle or any lien being at least 10 years old. The department must notify any recorded owner or lienholder of the bond filing.
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