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The Utah TC-824 form is an essential document used for establishing a surety bond in situations where a motor vehicle has a defective title or insufficient evidence of ownership. This form is particularly important for individuals seeking to transfer the title of a vehicle when they cannot provide a clear certificate of title. It requires detailed information, including the bond number, the names and addresses of the principal and surety, and specifics about the vehicle, such as its make, model, and Vehicle Identification Number (VIN). The form also necessitates that a power of attorney be attached if applicable, ensuring that all parties are properly represented. The bond itself serves to indemnify any person who may later establish a legal claim to the vehicle, providing a financial guarantee of double the vehicle's reasonable value. This obligation remains in effect for seven years, protecting all parties involved during that period. By completing the TC-824 form, applicants can navigate the complexities of title transfer in Utah, ensuring compliance with state regulations while safeguarding their interests.

File Information

Fact Name Details
Form Purpose The TC-824 form is used to establish a surety bond for motor vehicles with defective titles or insufficient evidence of ownership in Utah.
Governing Law This form is governed by the Utah Code Annotated, specifically Title 41, Chapter 1a, which relates to motor vehicle titles.
Bond Requirement The bond amount must be double the reasonable value of the vehicle in question, ensuring adequate indemnification.
Principal and Surety The form requires the identification of both the principal (applicant) and the surety (bonding company) involved in the transaction.
Power of Attorney If a power of attorney is utilized, it must be attached to the TC-824 form for it to be valid.
Submission Guidelines Only original copies of the TC-824 form are accepted; photocopies will not be processed.
Validity Period The bond remains in effect for a period of seven years from the date of execution, unless the obligation is fulfilled.
Notarization Requirement The form must be notarized, confirming the authenticity of the signatures and the authority of the surety company.
Vehicle Information Applicants must provide detailed information about the vehicle, including make, model, year, and VIN, to complete the form.
Indemnification Clause The bond ensures that the principal will indemnify any party that establishes legal ownership of the vehicle, protecting their rights.

Documents used along the form

The Utah TC-824 form is an essential document for individuals seeking to secure a surety bond for a motor vehicle with a defective title or insufficient evidence of ownership. When dealing with such situations, several other forms and documents may also be required to ensure compliance with state regulations. Below is a list of commonly used documents that often accompany the TC-824 form.

  • Power of Attorney Form: This document allows an individual to appoint someone else to act on their behalf in legal matters, including the execution of the TC-824 form. It must be attached to the surety bond if used.
  • Application for Title: This form is necessary for individuals applying for a new title for their vehicle. It provides details about the vehicle and the applicant, serving as the official request for title issuance.
  • Affidavit of Ownership: This sworn statement is used to declare ownership of a vehicle when the original title is unavailable. It helps establish the applicant's claim to the vehicle.
  • Non-disclosure Agreement: For individuals sharing sensitive information during the transaction process, a Missouri Non-disclosure Agreement (NDA) can be essential. To learn more and access the form, check out Missouri PDF Forms.
  • Vehicle Identification Number (VIN) Verification: This document confirms the VIN of the vehicle, ensuring that it matches the records held by the state. It is crucial for preventing title fraud.
  • Bill of Sale: This document serves as proof of the transaction between the buyer and seller. It includes details about the vehicle and the sale price, which can help establish ownership.
  • Lien Release Form: If there was a loan or lien on the vehicle, this form is required to prove that the debt has been satisfied and the lien has been removed, allowing for a clear title transfer.
  • Notarized Affidavit: In some cases, a notarized affidavit may be required to affirm the accuracy of the information provided in the TC-824 form and other related documents.
  • Surety Bond Agreement: This is a formal contract between the principal and the surety company, outlining the terms and conditions of the bond. It provides legal assurance to the state regarding the bond's validity.

Understanding these documents can help streamline the process of securing a surety bond and transferring vehicle ownership. Each form plays a specific role in ensuring that all legal requirements are met, ultimately protecting the interests of all parties involved.

Common mistakes

Filling out the Utah TC-824 form can be tricky, and many people make mistakes that can delay the process. One common error is leaving out important details. The bond number, principal's name, and address must all be included. Without these, the form is incomplete and will not be accepted.

Another mistake is not attaching the power of attorney form when it's needed. If someone is filling out the form on behalf of the principal, this document is crucial. Without it, the surety bond lacks authority and could be rejected.

People often forget to use the correct format for the vehicle information. This includes the year, make, model, body type, and Vehicle Identification Number (VIN). If any of this information is incorrect or missing, it can lead to complications in the title transfer process.

Additionally, applicants sometimes fail to provide the correct state title number. This number is essential for identifying the vehicle's history. If it's not accurate, it can create confusion and delay the title transfer.

Another frequent oversight is not including the indemnity amount. The form requires a specific dollar amount that represents double the reasonable value of the vehicle. Leaving this blank or entering an incorrect figure can lead to the bond being invalid.

People may also neglect to sign the form properly. Both the principal and the surety must sign it for it to be valid. Missing signatures can result in the form being rejected.

Some applicants mistakenly think that photocopies of the bond form are acceptable. This is not the case; only original forms are accepted. Submitting a copy can lead to unnecessary delays.

Furthermore, individuals often overlook the need for a notary. The affidavit of qualification for surety companies requires a notary's signature and stamp. Without this, the bond may not be considered legally binding.

Lastly, applicants sometimes fail to double-check all information before submission. A simple review can catch errors that might otherwise lead to complications. Taking the time to ensure everything is correct can save a lot of hassle down the line.

Document Preview Example

Utah State Tax Commission

Motor Vehicle Defective Title or

Insufficient Evidence of Ownership Bond (Surety Bond)

TC-824

Rev. 12/12

Please be advised that the surety bond must be completed in its entirety, including a bond number, the name, principal's address, doing-business-as, etc. When a power of attorney form is used, it must be attached to the surety bond. Photo copies of the bond form will not be accepted.

KNOW ALL MEN BY THESE PRESENTS, that __________________________________________________________________________________, of

_________________________________, as Principal and ________________________________________________________, as Surety, are held and

firmly bound unto the State of Utah and to the Utah State Tax Commission, for the purpose of indemnifying any person or persons who might subsequently establish legal ownership or interest to the vehicle hereinafter described, in the penal sum of _________________________________________________

Dollars ($________________), lawful money of the United States of America, being double the reasonable value of said vehicle, for which payment well and

truly to be made and performed, they do hereby bind themselves jointly, severally, and firmly by these presents.

Applicants Applying Where Motor Vehicle Has A Defective Title

WHEREAS, ___________________________________________________, is the applicant for a transfer of motor vehicle title under the laws of the State

of Utah for that certain motor vehicle being described as ____________, ______________________, _____________________, ____________________,

YearMakeModelBody type

_____________________________________, under which former certificate of title was issued, the same being State Title Number __________________,

Vehicle Identification Number (VIN)

said transfer of title to be made in the name of __________________________________________, and the Principal and Surety herein are desirous of

complying with the Regulation of the State Tax Commission of Utah relating to the posting of bond where it is impossible for applicant to furnish a certificate

of title to any motor vehicle endorsed as provided by law.

Applicants Applying Where Unable To Furnish Sufficient Evidence Of Ownership Of Motor Vehicle

WHEREAS, the Principal herein has made application to the Utah State Tax Commission for the registration of and the issuance of a certificate of title for a

____________, ______________________, _____________________, _____________________, ______________________________________, and

YearMakeModelBody typeVehicle Identification Number (VIN)

presently bearing ______________ License Number _________________ issued by the State of ___________________________________, and said

Year

Principal has not been able to furnish a prior certificate of title nor evidence of the ownership of said motor vehicle sufficiently to clearly establish his right

and title thereto, not clear evidence as to the existence of any lien or encumbrance thereon.

NOW THEREFORE, the condition of this obligation is such that if the Principal named herein shall well and truly pay and indemnify any person, firm or corporation who may subsequently establish legal ownership or interest to the aforesaid motor vehicle at the time of transfer of title certificate, as aforesaid, in full (but not to exceed the principal amount hereof) for all damages actually sustained or suffered by reason of the issuance of the aforesaid title certificate, then this obligation shall be void, otherwise the same shall be and remain in full force and effect for a period ending seven years from date hereof.

BE IN WITNESS WHEREOF, the Principal and said Surety have hereunto caused this instrument to be executed at ______________________________,

this ___________day of __________________, 20 ______.

Principal

 

By

(Surety Seal)

 

Surety

 

 

By

 

Attorney-in-Fact

Bonding Company's Bond

 

 

 

Number: ______________

Local agent's name

 

 

 

Agent's address

Affidavit of Qualification For Surety Companies

STATE OF _________________)

County of __________________)

_____________________________________________, being first duly sworn, on oath deposes and says that he is the ___________________________

Officer or Agent

of said company, and that he is duly authorized to execute and deliver the foregoing obligations; that said company is authorized to execute the same and

has complied in all respects with the laws of Utah in reference to becoming sole surety upon bonds, undertakings and obligations.

(Notary Stamp)

Signature of officer or agent

 

 

 

 

Residence

(Surety Seal)

Notary's signature

Similar forms

  • Form TC-821: This form is used for a motor vehicle title application when the original title is lost or destroyed. Like the TC-824, it serves as a means to establish ownership and includes a sworn statement regarding the loss of the title.
  • Form TC-842: This document is a declaration of ownership for a motor vehicle that has been acquired without a title. Similar to the TC-824, it requires the applicant to provide details about the vehicle and their ownership claim.
  • Form TC-880: The TC-880 is a request for a duplicate title. It shares similarities with the TC-824 in that both forms are utilized to rectify issues related to vehicle titles and ownership evidence.
  • Affidavit of Ownership: This affidavit is used to assert ownership of a vehicle when the title cannot be produced. It parallels the TC-824 in its purpose of providing legal proof of ownership under certain circumstances.
  • Indiana Homeschool Letter of Intent: This form is fundamental for parents wishing to notify the state of Indiana about their intent to homeschool their children, ensuring compliance with state regulations. For more information and to access the form, visit https://homeschoolintent.com/editable-indiana-homeschool-letter-of-intent/.
  • Surety Bond Form: This is a general surety bond form used in various legal contexts. Like the TC-824, it involves a principal and surety and serves to protect against claims of ownership disputes.
  • Power of Attorney Form: This document allows one person to act on behalf of another in legal matters. When used with the TC-824, it must be attached, similar to how it can be required in other title-related forms.
  • Vehicle Registration Application: This application is submitted to register a vehicle with the state. It is similar to the TC-824 in that both documents are integral to establishing a legal claim to a vehicle.
  • Bill of Sale: A bill of sale serves as proof of the transaction between a buyer and seller of a vehicle. It complements the TC-824 by providing evidence of ownership transfer, especially when a title is not available.
  • Application for Title and Registration: This application is used for obtaining a title and registering a vehicle simultaneously. Like the TC-824, it is essential for establishing ownership and ensuring compliance with state regulations.
  • Statement of Facts: This document provides additional information or clarification regarding a vehicle's ownership or title status. It can be used alongside the TC-824 to address specific issues related to ownership claims.

Key takeaways

Filling out the Utah TC-824 form can seem daunting at first, but understanding its key components can make the process smoother. Here are some essential takeaways to keep in mind:

  • Complete Information: Ensure that the form is filled out in its entirety. This includes providing a bond number, the principal's name, address, and doing-business-as name.
  • Power of Attorney: If a power of attorney form is utilized, it must be attached to the surety bond. This is crucial for validating the bond.
  • No Copies Allowed: Photocopies of the bond form will not be accepted. Always submit the original document.
  • Indemnification Clause: The bond serves to indemnify any person who can establish legal ownership or interest in the vehicle described on the form.
  • Double the Value: The penal sum of the bond must be double the reasonable value of the vehicle, ensuring adequate protection for potential claims.
  • Vehicle Details: Clearly describe the motor vehicle, including its year, make, model, body type, and Vehicle Identification Number (VIN).
  • Ownership Evidence: If unable to provide sufficient evidence of ownership, the applicant must state this clearly on the form.
  • Duration of Obligation: The bond remains in effect for a period of seven years from the date of execution, providing a long-term safeguard.
  • Notarization Required: The bond must be signed in the presence of a notary public, adding an additional layer of authenticity to the document.

By keeping these points in mind, applicants can navigate the complexities of the TC-824 form with greater confidence and clarity.