Fill Out Your Colorado Dr 2922 Form Open Editor Now

Fill Out Your Colorado Dr 2922 Form

The Colorado DR 2922 form is an essential document facilitated by the Colorado Department of Revenue for establishing a Title or Salvage Title through a Surety Bond. This process becomes necessary when the proper ownership documents for a motor vehicle or manufactured home are not available, or the existing documents are incorrect. It outlines a clear step-by-step procedure that an applicant must follow, including vehicle inspections, attempts to contact the previous owner, and securing a surety bond as evidence of ownership.

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In the state of Colorado, when individuals face difficulties securing proper ownership documents for a motor vehicle or manufactured home due to incorrect or unavailable documents, the Colorado Department of Revenue's Division of Motor Vehicles provides a solution through the DR 2922 form. This comprehensive document outlines a procedural framework enabling the establishment of a Title or Salvage Title by Surety Bond, in accordance with various state statutes. It meticulously guides applicants through the necessary steps, which include obtaining a Certified VIN Inspection or verification of VIN for manufactured homes exempt from inspection, and detailed instructions on contacting previous owners and lienholders via certified mail. Additionally, the form addresses the requirements for lien releases, the need for court orders in certain scenarios, and the delineation of processes for vehicles designated as "salvage" or those requiring a salvage title. Applicants are also advised on appraising the value of vehicles, securing a bond or providing alternative financial assurances, and completing additional affidavits explaining the necessity of bonding for ownership. The DR 2922 form also touches on specific procedures for abandoned manufactured homes, the evaluation of motor vehicles for roadworthiness, and the subsequent steps for titling. This document thus serves as an essential tool for Colorado residents seeking to navigate the complexities of establishing legal ownership without traditional proof, ensuring compliance with state requirements while safeguarding the interests of all parties involved.

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DR 2922 (07/25/19)

COLORADO DEPARTMENT OF REVENUE

Divison Of Motor Vehicles

Title SectionState of Colorado

www.colorado.gov/dmv

Title Or Salvage Title Established By Surety Bond

C.R.S. 38-29-119, 42-5-204, 42-6-102 (16), (17) (a), 42-6-115

The bonding procedure is completed when ownership documents are not available or are incorrect.

Applicant must have possession of the motor vehicle/manufactured home.

Motor vehicle/manufactured home must be physically located in Colorado.

STEP

WHAT YOU NEED TO DO

FORMS NEEDED

 

Have the motor vehicle inspected and a Certified VIN Inspection form, DR 2704, completed

DR 2704

 

by a P.O.S.T. certified inspector. Your local county motor vehicle office can refer you to a

 

Inspection Fee - $50.00.

1

P.O.S.T. certified inspector in your area.

Inspection must not be over one (1) year old

Cash or check only

 

 

Manufactured homes are exempt from providing a Certified VIN inspection. Verification of

DR 2698

 

VIN, (DR 2698) must be completed.

 

 

 

Complete a (DR 2489A) Motor Vehicle Requestor Release Affidavit of Intended Use

 

All out of state motor vehicles also need a title and a lien record search from the state they are from in addition to the Colorado Record Search.

 

You must attempt to contact by certified or registered mail (return receipt requested)

Validated copy of a DR

 

2489A for each VIN

 

 

the owner of record as indicated on the record search

 

 

 

 

 

Inspection must not be over one (1) year old.

Fee - $2.20

2

 

 

 

Inspection must not be over one (1) year old.

 

Copy of letter and

 

Manufactured home –

 

certified/registered mail

 

You must attempt to contact by certified or registered mail (return receipt requested) the

 

return receipt (PS 3811

 

 

owner of record, as indicated on the record search

green card)

 

 

 

**NOTE** A photocopy of the Certified VIN Inspection, (DR 2704), and additional documents are required to be submitted with the (DR 2489A) Motor Vehicle Requestor Release Affidavit of Intended Use.

If the record search indicates an active lien on the motor vehicle or manufactured home:

Lien MUST be released

Lien release must be on lienholder’s letterhead

Not required if lienholder is an individual

Photo and FAXed copies of lien release are acceptable

Lien release must include

Vehicle year, make and VIN

 

 

Title owner’s name

Acceptable Lien

 

 

Agent’s signature

Release

 

 

Date of lien release

Copy of letter and

 

 

Signed under penalty of perjury in the second degree as defined in C.R.S. 18-8-503

3

 

certified/registered mail

If an attempt is made to secure an acceptable lien release and the lienholder is not

return receipt (PS3811

 

 

available, the following procedure MUST be followed:

green card)

 

 

Lienholder is not available – filed in Colorado

 

 

USPS printout of

 

 

A certified or registered letter must be sent to the lienholder’s last known

 

 

address and be returned as undeliverable

signature acceptance

 

 

A bond must be posted for AMOUNT of the lien or TWICE the actual value of

 

 

 

the manufactured home as determined by the County Assessor’s records

 

Without one of the above statements, the Title or Salvage Title Established by Surety Bond procedure cannot be completed and a court order will be required.

The court order MUST identify the motor vehicle/manufactured home by year, make & VIN

Continued on next page

DR 2922 (07/25/19)

 

 

 

 

 

Copy of court order(s)

 

If the manufactured home is abandoned, the following information MUST be provided,

Copy of the real

 

pursuant to C.R.S. 38-29-119:

 

property deed

 

Copy of the court order or judgment for possession obtained through a civil

 

 

 

 

proceeding

Authentication of Paid

 

 

Court order or judgment must

 

 

Ad Valorem Taxes, or

4

 

 

Identify manufactured home by year, make and VIN

Certificate of Taxes Due

 

Proof of ownership of the real property on which the manufactured home is

(obtained from the

 

 

County Treasurer),

 

 

 

located

 

 

 

pursuant to C.R.S. 38-

 

 

 

Proof of property taxes paid

 

 

29-107.

 

**NOTE** Step 4 only applies to manufactured homes. Step 4 does not apply to

Proof of taxes paid

 

is required on all

 

motor vehicles

manufactured home

 

 

 

 

 

bond applications.

 

 

 

 

For the purpose of purchasing a surety bond or evidence of a savings account, deposit, or

 

 

certificate of deposit meeting the requirements of section 11-35-101, C.R.S. (see step 5),

 

 

establish the reasonable value of the vehicle determined by one of the following:

 

 

 

Price guide books

 

 

 

 

If the motor vehicle is newer than seven (7) years old

 

 

 

Computerized valuation services

 

 

 

Licensed Colorado automotive dealer

ALL motor vehicle

 

 

 

If not on dealer’s letterhead, must be notarized or signed under penalty of

appraisals MUST

 

 

 

 

perjury

identify the vehicle, by

5

 

 

MUST include Dealer’s license number

year, make and VIN

 

 

 

 

 

 

MUST be signed and dated

 

 

 

 

Dealership may perform its own appraisal when bonding for title in their

 

 

 

 

 

name

 

 

 

 

Certified appraisal

 

 

Appraisal must be

 

 

MUST be for the current condition of the motor vehicle at the time of titling

 

 

Manufactured home values MUST be established using the actual value determined by the

Copy of County

 

County Assessor’s records, pursuant to C.R.S. 38-29-119.

 

Assessor’s records

 

Records must identify manufactured home by year, make and VIN

 

 

 

Furnish evidence of a savings account, deposit, or certificate of deposit meeting the

Account Deposit

 

Certificate or signed

 

requirements of section 11-35-101, C.R.S., or a good and sufficient bond with a corporate

6

Bond. Indicate year,

surety not less than twice the reasonable value of the vehicle. The savings account, deposit,

make and VIN of

 

certificate of deposit, or surety bond must indicate the year, make and VIN of the vehicle

 

vehicle

 

 

 

 

 

 

 

 

 

Complete the Bond Statement Guide & In Lieu of Bond Affidavit, (DR 2394), providing the

 

 

following information:

 

 

Why bonding for ownership is required Account Deposit Certificate or signed Bond.

 

 

 

Indicate year, make and VIN of vehicle

 

 

What attempts were made to contact the owner of record to insure they have no

 

7

 

interest

 

DR 2394

From whom and when purchased and amount paid

 

 

 

Efforts to have the seller establish title

 

 

Motor vehicle’s/manufactured home’s year, make and VIN

 

 

Whether or not there are liens against the motor vehicle/manufactured home

 

 

Whether or not the vehicle is road worthy

 

 

Whether or not the manufactured home is on a permanent foundation

 

 

 

 

 

 

 

Continued on next page

DR 2922 (07/25/19)

Motor Vehicle has been or is now “salvage”

Have the motor vehicle inspected by a P.O.S.T. certified inspector and a Certified VIN Inspection, (DR 2704) completed. Your local county motor vehicle office can refer you to a P.O.S.T. certified inspector in your area.

Inspection must not be over one (1) year old

If the DR 2704 indicates that the motor vehicle is roadworthy, applicant will:

Apply for title by following the Title Established by Salvage Title Checklist, (DR 2415)

Complete the Salvage Title Statement of Fact, (DR 2424)

MUST state that

The motor vehicle was purchased without proper ownership document

 

 

 

No repairs were needed

DR 2704

 

 

 

Bond is required for title

Inspection Fee - $50.00

 

If the (DR 2704) indicates that the motor vehicle is not roadworthy, applicant will:

Cash or check only

 

 

 

 

 

 

Apply for salvage title using the Application for Salvage Title, (DR 2410) or

DR 2410

 

Apply for Title by repairing the motor vehicle

DR 2415

 

 

Follow the Title Established by Salvage Title checklist, (DR 2415)

8

 

DR 2424

Complete the Salvage Title Statement of Fact, (DR 2424)

 

 

MUST state

DR 2489A

 

 

 

What repairs were completed to make the motor vehicle roadworthy

DR 2704

 

 

Obtain a new Certified VIN inspection, (DR 2704)

 

 

DR 2710

 

If the record search indicates the motor vehicle was “Previous Salvage” (Rebuilt from

 

 

 

Salvage), the applicant shall

Results of the “Salvage

 

Request a salvage history by

Title History Search”

Submitting a Motor Vehicle Requestor Release Affidavit of Intended Use (DR 2489A)

Include a photocopy of the (DR 2704)

Include a Statement of Fact, (DR 2444)

Indicate cause of salvage designation

Complete a Rebuilt from Salvage Disclosure, (DR 2710)

If the reason for salvage is indeterminate

Mark the “Other” box

State that the motor vehicle was “Purchased without proper ownership documents through the bond process; unable to obtain a salvage history, reason for salvage unknown.”

 

Apply for Title or Salvage Title at the county motor vehicle office in the county in which

 

 

you live.

Items listed above

 

 

 

Manufactured homes are title at the county motor vehicle office in the county in which the

Title fee - $7.20,

 

manufacture home is located.

pursuant to C.R.S. 42-

 

 

9

Secure and Verifiable Identification is required to obtain a title and/or registration in the state

6-137 (1)(a)

 

of Colorado. Please see (DR 2841) for acceptable identification documents.

DR 2841

 

 

 

**NOTE** The odometer must be disclosed on a secure form for motor vehicles with model

DR 2173

 

year of less than 10 years. The applicant taking title will disclose the mileage on the

 

 

(DR 2173) Motor Vehicle Bill of Sale. To obtain a (DR 2173), please contact Standard

 

 

Register at 1-800-877-0723.

 

File Characteristics

Fact Name Description
Purpose of DR 2922 Form This form is used for establishing title or salvage title through a surety bond when ownership documents for a motor vehicle or manufactured home are not available or are incorrect.
Governing Laws The process is governed by Colorado Revised Statutes C.R.S. 38-29-119, 42-5-204, 42-6-102 (16), (17) (a), and 42-6-115.
Vehicle Location and Possession The vehicle or manufactured home must be physically located in Colorado, and the applicant must have possession of it.
Inspection Requirements A Certified VIN Inspection, form DR 2704, is required, conducted by a Colorado P.O.S.T. certified inspector, unless the vehicle is exempt as a manufactured home, which requires a Verification of VIN, form DR 2698.

Instructions on How to Fill Out Colorado Dr 2922

Filling out the Colorado DR 2922 form is a necessary step for establishing a title or salvage title through a surety bond when proper ownership documents for a motor vehicle or manufactured home are missing or incorrect, and the vehicle is privately owned and located in Colorado. The steps below guide you through the preliminary requirements, documentation collection, and submission process. This structured pathway ensures compliance with Colorado Department of Revenue and Division of Motor Vehicles regulations.

  1. Arrange for the motor vehicle or manufactured home to undergo a physical location verification in Colorado.
  2. Obtain a Certified VIN Inspection for the motor vehicle (DR 2704) by a P.O.S.T. certified inspector—$50.00 inspection fee, payable in cash or check. Manufactured homes, instead, require Verification of VIN (DR 2698).
  3. Complete the Motor Vehicle Requestor Release Affidavit of Intended Use (DR 2489A) while ensuring all out-of-state vehicles also have a title and lien record search from their origin state.
  4. Attempt to contact the owner of record and any lienholders by certified or registered mail, retaining the copy of the letter and return receipt (PS 3811 green card) as proof of attempt.
  5. If an active lien is discovered, acquire a lien release. If the lienholder is not available, a bond amounting to the total lien or twice the value of the manufactured home as per County Assessor's records must be posted.
  6. For abandoned manufactured homes, supply the court order or judgment for possession, a copy of the real property deed, and proof of paid property taxes or Certificate of Taxes Due.
  7. Determine the reasonable value of the vehicle through price guides, computerized valuation services, or a licensed Colorado automotive dealer’s appraisal to establish the bond amount or savings account deposit.
  8. Provide evidence of a savings account, deposit, or certified bond amounting to at least twice the reasonable value of the vehicle, including the year, make, and VIN.
  9. Complete the Bond Statement Guide & In Lieu of Bond Affidavit (DR 2394), detailing the necessity for bonding, efforts made to contact prior owners, the purchase history, and any existing liens.
  10. If the vehicle is "salvage" or not roadworthy, follow additional inspection and documentation requirements as per DR 2704, DR 2415, and DR 2424 forms for salvage titles or DR 2410, DR 2415, and DR 2424 for applying for a salvage title after repairs.
  11. For vehicles with a "Previous Salvage" (Rebuilt from Salvage) designation, submit a Motor Vehicle Requestor Release Affidavit of Intended Use (DR 2489A) along with a Statement of Fact (DR 2444) and Rebuilt from Salvage Disclosure (DR 2710) to request a salvage history.
  12. Apply for the Title or Salvage Title at the county motor vehicle office where the vehicle is located, bringing all required forms, proofs, and payment for the title fee ($7.20). Ensure you meet identification requirements as per DR 2841, and disclose the odometer reading for vehicles less than 10 years old using the DR 2173 form.

Upon successful submission and verification of the required documents, the state of Colorado will process the application for a title or salvage title based on a surety bond. This procedure solidifies legal ownership and allows for the proper registration and use of the vehicle within the state, adhering to both safety standards and legal requirements. It's vital to follow these steps meticulously to ensure a smooth and compliant process.

Understanding Colorado Dr 2922

What is the purpose of the Colorado DR 2922 form?

The Colorado DR 2922 form is used to establish a Title or Salvage Title through a Surety Bond process. This is necessary when the ownership documents for a motor vehicle or manufactured home are not available or are incorrect. The form serves as a guide for applicants to complete this process, ensuring they have legal possession of the vehicle or manufactured home in question, which must be physically located in Colorado.

Who needs to complete the DR 2922 form?

Anyone who possesses a motor vehicle or manufactured home in Colorado that lacks proper ownership documents, or has incorrect documents, needs to complete the DR 2922 form. This form is crucial for individuals seeking to establish legal ownership through the Surety Bond process.

What steps are involved in completing the DR 2922 form?

Completing the DR 2922 involves several steps:

  1. Having the vehicle inspected and obtaining a Certified VIN Inspection form, DR 2704.
  2. Completing a Motor Vehicle Requestor Release Affidavit of Intended Use, DR 2489A, and conducting a title and lien record search if the vehicle is from out of state.
  3. Attempting to contact the owner and lienholder, if applicable, via certified or registered mail to resolve any ownership or lien issues.
  4. If the vehicle is a manufactured home, providing the court order for possession and proof of paid property taxes.
  5. Establishing the reasonable value of the vehicle for the purpose of purchasing a Surety Bond or other acceptable security.
  6. Completing a Bond Statement Guide & In Lieu of Bond Affidavit, DR 2394, outlining why the bond is required and detailing efforts made to establish ownership.

What happens if there is an active lien on the vehicle?

If the record search reveals an active lien on the vehicle, the lien must be released. This release should be on the lienholder’s letterhead, or if the lienholder is an individual, a signed release is acceptable. Photo and faxed copies are allowed, as long as they include necessary details like the vehicle's year, make, VIN, title owner's name, agent's signature, and the date of the lien release. If the lienholder is not available, a bond covering the amount of the lien, or twice the vehicle's actual value, must be posted.

What is the requirement for a manufactured home that is abandoned?

For an abandoned manufactured home, the applicant must provide a copy of the court order or judgment for possession obtained through a civil proceeding. This document must identify the manufactured home by year, make, and VIN. Additionally, proof of ownership of the real property where the manufactured home is located, along with proof of paid property taxes, is required.

After completing the DR 2922 form, how does one establish a Title or Salvage Title?

Upon completing the DR 2922 form and fulfilling all requirements, including obtaining a Surety Bond (if necessary), a title can be applied for at the county motor vehicle office in the county where the applicant lives (for motor vehicles) or where the manufactured home is located (for manufactured homes). A title fee is required, and a secure and verifiable identification is needed to obtain a title and/or registration in the state of Colorado.

Common mistakes

Filling out the Colorado DR 2922 form can be challenging, leading to several common mistakes. Understanding these errors can help ensure the process is completed correctly:

  1. Improper VIN Inspection Documentation: Many applicants forget that the Certified VIN Inspection (DR 2704) needs to be current, not exceeding one (1) year old. This oversight can invalidate the application process.
  2. Inadequate Record Search: Another frequent mistake is not conducting a thorough title and lien search for out-of-state vehicles in addition to the required Colorado Record Search. This comprehensive search is vital to ensure there are no existing liens against the vehicle.
  3. Incorrect Lien Release Documentation: Applicants often neglect to provide proper lien release documentation. The release must be on the lienholder’s letterhead (unless the lienholder is an individual), include specific vehicle details, the title owner's name, the agent’s signature, and the date of the lien release. Moreover, it must be signed under penalty of perjury.
  4. Failing to Establish the Reasonable Value of the Vehicle: Before purchasing a surety bond, the applicant must establish the reasonable value of the vehicle through price guide books, computerized valuation services, or a licensed Colorado automotive dealer appraisal. This valuation must accurately reflect the current condition of the motor vehicle.

By avoiding these common mistakes:

  • The bonding procedure can proceed without unnecessary delays.
  • It helps ensure that all legal requirements are met, protecting the interests of the applicant.
  • Reduces the risk of legal complications related to ownership, liens, and the overall value of the vehicle.

Attention to detail and adherence to the requirements can make the process of obtaining a Title or Salvage Title Established by Surety Bond seamless and efficient.

Documents used along the form

When dealing with vehicle ownership and ensuring all paperwork is properly handled, the Colorado DR 2922 form is often just a piece of the puzzle. This document is critical for establishing title or salvage title by surety bond in scenarios where ownership documents are missing or incorrect. However, it usually requires additional documentation to fully process the title or salvage title of a vehicle or manufactured home. Recognizing the importance of each related document will provide a clearer understanding of the entire procedure and ensure compliance with Colorado state regulations.

  • DR 2704 (Certified VIN Inspection): This is needed for a comprehensive inspection of the vehicle's identification number by a certified inspector, ensuring the vehicle matches the provided details.
  • DR 2698 (Verification of Vehicle Identification Number): For manufactured homes exempt from VIN inspection, this form verifies the identification number.
  • DR 2489A (Motor Vehicle Requestor Release Affidavit of Intended Use): This affidavit is used for out-of-state vehicles needing title and lien record searches in Colorado.
  • Copy of Certified/Registered Mail Letter and Return Receipt (PS 3811): Essential for proving an attempt was made to contact the previous owner or lienholder by certified mail for vehicles undergoing the bonding process.
  • Acceptable Lien Release: If there’s an existing lien on the vehicle, this document, on lienholder’s letterhead, shows that the lien has been satisfied.
  • Copy of Court Order(s): In cases where the surety bond process cannot resolve the title issues, a court order identifying the vehicle and declaring ownership might be required.
  • Proof of Ad Valorem Taxes Paid or Certificate of Taxes Due: For manufactured homes, proof of property taxes paid is necessary to establish ownership through bonding.
  • Appraisal Documentation: Establishes the vehicle's value either through a price guide, a licensed dealer's assessment, or a certified appraisal, which is critical for setting the bond amount.
  • DR 2841 (Secure and Verifiable Identification): This form lists the acceptable forms of identification required for obtaining a title or registration in Colorado, ensuring that the applicant can legally proceed with the process.

Each of these documents plays an integral role in the complex process of attaining a vehicle's title or salvage title by surety bond in Colorado. Whether it’s verifying the identity of a vehicle, proving an attempt to resolve ownership disputes, or satisfying state regulatory requirements, the successful navigation of these steps ensures legal compliance and peace of mind for vehicle owners. By understanding and accurately completing these accompanying forms and documents, individuals can navigate the bonding process more smoothly and with clarity.

Similar forms

The Colorado DR 2922 form is an essential document for those involved in the process of establishing a title or salvage title for a motor vehicle or manufactured home through a surety bond in situations where ownership documents are unavailable or incorrect. This procedure is a common requirement in several states, but it bears specific resemblances to certain documents and procedures in other areas of vehicle administration and law.

One such similar document is the California Reg 227 (Application for Duplicate or Paperless Title). Just like the DR 2922, the Reg 227 is used when the owner seeks to establish or correct the title of a vehicle. Both forms necessitate details about the vehicle, such as the VIN, make, and year, and require some form of inspection or verification. However, the DR 2922 emphasizes the bonding process and contacting previous owners, while the California form primarily focuses on replacing lost or damaged titles or converting to a paperless title.

Another analogous procedure can be found with the Texas Bonded Title process, often initiated using Form VTR-130-SOF (Statement of Fact for a Bonded Title). Similar to Colorado’s DR 2922, the Texas process is designed for individuals who do not have a valid form of vehicle ownership documentation. Both require an inspection of the vehicle (in Texas, a safety inspection and in Colorado, a VIN inspection), submission of an application, and securing a surety bond based on the vehicle's value. The critical difference lies in the specific state requirements and the form used to gather all necessary information for the bonding process.

Furthermore, the New York State DMV also employs a Vehicle Title Application (Form MV-82) that, while used for various title transactions, shares some procedural similarities with Colorado’s DR 2922 when it comes to vehicles with lost or unavailable titles needing a bond for title establishment. In both situations, applicants must provide substantial proof of ownership attempts, vehicle details, and comply with specific inspection requirements. New York's process diverges with its broad application for multiple title actions, whereas Colorado's DR 2922 is specifically for obtaining a title via a surety bond when standard proof of ownership is not available.

Dos and Don'ts

When dealing with the completion of the Colorado DR 2922 form for establishing a Title or Salvage Title through a Surety Bond, it's essential to proceed with caution and thoroughness to ensure the process moves smoothly. Here is a guide on what you should and shouldn't do during this process:

  • Do ensure that the motor vehicle or manufactured home is in your possession and is physically located in Colorado before starting the bonding procedure.
  • Do have the vehicle inspected by a P.O.S.T. certified inspector and obtain the completed Certified VIN Inspection form, DR 2704, ensuring the inspection is no more than one (1) year old.
  • Do attempt to contact the owner of record and any lienholders by certified or registered mail, return receipt requested, as demonstrated by keeping a copy of the letter and return receipt.
  • Do obtain a proper lien release if the record search indicates an active lien on the motor vehicle or manufactured home, following the specific requirements provided for in the document.
  • Do establish the reasonable value of the vehicle through acceptable means like price guide books, computerized valuation services, or a licensed Colorado automotive dealer, if applicable.
  • Do complete and provide all required forms and documents, including the Bond Statement Guide & In Lieu of Bond Affidavit (DR 2394), ensuring all information is accurate and up to date.
  • Don't ignore the requirement to have a motor vehicle inspected even if the manufactured home is exempt from this step. Proper identification through VIN inspection is crucial.
  • Don't neglect the necessity to attempt to contact the previous owner and lienholders through certified or registered mail. This step cannot be skipped and is crucial for the bonding process.
  • Don't submit incomplete or incorrect documentation. Every piece of paperwork, from the DR 2704 form to the lienholder's release, must be correctly filled out and submitted.
  • Don't underestimate the importance of establishing the vehicle's value accurately. This affects the bond amount you will need to secure, which must be for the amount of the lien or twice the vehicle's value.
  • Don't forget to provide a copy of the court order, if applicable, especially in cases where the manufactured home is abandoned or a court order is required for title establishment.
  • Don't disregard the timeline of events, especially the requirement that inspections and attempts to contact the owner or lienholders must not be more than one year old. Time-sensitive documents may invalidate your efforts if outdated.

Misconceptions

Many people have misconceptions about the Colorado DR 2922 form and its implications for motor vehicle or manufactured home titles. Let's clear up some of these misunderstandings:

  • Misconception #1: The DR 2922 form is the only document needed to establish a title or salvage title.

    In reality, this form is a part of a comprehensive process that includes various steps and additional forms such as DR 2704 for a Certified VIN Inspection and DR 2489A for a Motor Vehicle Requestor Release Affidavit of Intended Use, among others.

  • Misconception #2: A Certified VIN Inspection is required for manufactured homes.

    Manufactured homes are actually exempt from this requirement; instead, a Verification of VIN (DR 2698) must be completed.

  • Misconception #3: The application process doesn't need any effort to contact the previous owner.

    Applicants are required to attempt to contact the vehicle's owner of record by certified or registered mail (return receipt requested) as indicated on the record search.

  • Misconception #4: Lien releases are not important if the lienholder is an individual.

    All liens must be released, regardless of whether the lienholder is a business or an individual, and the release must be on the lienholder's letterhead or include specific information if faxed or photographed.

  • Misconception #5: If a lienholder is unavailable, obtaining a title is impossible.

    When a lienholder is unresponsive, applicants must follow specific procedures, including sending a certified or registered letter to the lienholder's last known address and potentially posting a bond.

  • Misconception #6: The court order step is unnecessary.

    If specified criteria are not met through the bonding process, obtaining a court order identifying the vehicle by year, make, and VIN is mandatory.

  • Misconception #7: Salvage status doesn't require any additional steps.

    Motor vehicles with a salvage status undergo specific inspection and documentation requirements, including a Certified VIN Inspection (DR 2704) and, depending on their condition, may require an Application for Salvage Title (DR 2410) or Title Established by Salvage Title Checklist (DR 2415).

  • Misconception #8: Any value estimation method is allowed for determining the vehicle's value.

    The reasonable value of the vehicle for bonding purposes must be established using price guide books, computerized valuation services, or evaluations from licensed Colorado automotive dealers.

  • Misconception #9: The odometer disclosure is always required.

    Odometer disclosure on a secure form is only necessary for motor vehicles that are less than 10 years old, as indicated in the procedure.

Understanding these details helps ensure that the process of establishing a title or salvage title in Colorado is handled correctly, avoiding potential legal and procedural complications.

Key takeaways

The Colorado DR 2922 form plays a pivotal role in establishing a title or salvage title for vehicles through a surety bond in situations where ownership documents are missing or incorrect. Understanding the correct process to complete and use this form is essential for navigating these circumstances smoothly. Below are seven key takeaways that can help ensure proper handling and submission of this form:

  • Inspection is the first step: Whether for a motor vehicle or manufactured home in Colorado, an inspection is mandatory. For motor vehicles, a Certified VIN Inspection form (DR 2704) must be completed by a P.O.S.T. certified inspector, while manufactured homes require a Verification of VIN (DR 2698).
  • Documentation of attempted contact is required: Applicants must attempt to contact the vehicle’s last known owner and any lienholders by certified or registered mail, providing proof of this attempt with the application.
  • Lien releases must be methodical: If the record search reveals an active lien, it must be properly released, with the release including specific details like the vehicle's year, make, VIN, among others.
  • Clear guidelines for abandoned manufactured homes: Where a manufactured home is considered abandoned, specific court orders and proof of property tax payments are necessary to proceed.
  • Vehicle valuation is crucial: Establishing the vehicle's reasonable value is important and can be done through various means including appraisal or reference to county assessor’s records, which influences the bond amount required.
  • Securing a bond or equivalent is a prerequisite: Before proceeding, evidence of a bond, savings account, deposit, or certificate of deposit no less than twice the vehicle’s value must be presented, clearly indicating the vehicle details.
  • Detailed disclosure is necessary: The Bond Statement Guide & In Lieu of Bond Affidavit (DR 2394) requires detailed information regarding the necessity for bonding, attempts made to clear ownership, and the vehicle’s condition and lien status.

In addition to following these steps specifically, applicants seeking to resolve ownership documentation issues through a surety bond must meticulously gather and submit the required documentation to avoid delays or rejections. Keeping an organized record and closely adhering to the state’s legal requirements ensures a smoother process in establishing or salvaging a vehicle title in Colorado.

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