What is the Colorado DR 2922 form used for?
The Colorado DR 2922 form is used for establishing ownership or obtaining a salvage title for a motor vehicle or manufactured home when original ownership documents are not available or are incorrect. This process often involves posting a surety bond to secure the title.
Who needs to complete the DR 2922 form?
Anyone who wishes to establish ownership of a motor vehicle or manufactured home in Colorado but lacks proper documentation must complete the DR 2922 form. This includes situations where the vehicle is salvaged or abandoned.
What is the first step in the bonding procedure?
The first step is to have the motor vehicle or manufactured home inspected by a certified inspector. A Certified VIN Inspection form (DR 2704) must be completed. The inspection should not be older than one year and costs $50. Manufactured homes are exempt from this inspection.
What if there is an active lien on the vehicle?
If the record search shows an active lien, it must be released before proceeding. The lien release needs to be on the lienholder’s letterhead or include a signed statement from the lienholder if they are an individual. Documentation must include the vehicle's details, the title owner's name, and the lien release date.
Are there specific requirements for abandoned manufactured homes?
Yes, if a manufactured home is deemed abandoned, a court order or judgment for possession through a civil proceeding must be provided. It should identify the home by year, make, and VIN. Proof of ownership of the real property where the home is located is also required.
What happens if the lienholder cannot be contacted?
If attempts to contact the lienholder fail, you must send a certified letter to their last known address. If the letter is returned as undeliverable, a bond must be posted for either the amount of the lien or twice the value of the home. This ensures compliance with the bonding procedure.
What types of appraisals are acceptable for bonding?
Motor vehicle appraisals must be completed by licensed professionals or dealers and should include the vehicle's details, valuation, and the appraiser's signature. For vehicles newer than seven years, computerized valuation services are also acceptable.
How do I apply for a title or salvage title after completing the bonding process?
To apply for a title or salvage title, visit your local county motor vehicle office. Be prepared to provide all necessary documentation, including the completed DR 2922 form and supporting paperwork. Fees may vary, so it is important to inquire about the specific charges at the office.
Is secure identification required for obtaining a title?
Yes, to obtain a title or registration in Colorado, secure and verifiable identification is necessary. You can refer to the DR 2841 form for acceptable identification documents.