§ 1-1-105 — The amount of any bond required under this section shall not be less than double the value of the vehicle determined at the time of the application. If the value of the vehicle cannot be determined from any prior registration or title, the applicant shall provide the county clerk the value of the vehicle. The value of the vehicle shall be determined by the applicant or the surety from any current national appraisal guide, current or past registration if the value is present on any registration for the vehicle, or the value may be on certified written statement obtained from a properly licensed Wyoming vehicle dealer. The bond shall be conditioned to indemnify a prior owner, lienholder, subsequent purchaser, secured creditor or encumbrancer of the vehicle and any respective successors in interest against expenses, losses or damages, including reasonable attorney fees, caused by the issuance of the certificate of title or by a defect in or undisclosed security interest upon the right, title and interest of the applicant in the vehicle

Wyoming § 1-1-105

• Jurisdiction: Wyoming
• Title 31: Motor Vehicles
• Ch. 2: TITLE AND REGISTRATION
• Art. 1: CERTIFICATES OF TITLE

Text

Note: Effective 7/1/2027 this subsection will read as:
(d) Any bond required by this section shall be executed by
a surety duly authorized to carry on business in Wyoming or by
individual sureties qualified as provided by W.S. 1-1-104 and 1-
1-105. The amount of any bond required under this section shall
not be less than double the value of the vehicle determined at
the time of the application. If the value of the vehicle cannot
be determined from any prior registration or title, the
applicant shall provide the county clerk the value of the
vehicle. The value of the vehicle shall be determined by the
applicant or the surety from any current national appraisal
guide, current or past registration if the value is present on
any registration for the vehicle, or the value may be on
certified written statement obtained from a properly licensed
Wyoming vehicle dealer. The bond shall be conditioned to
indemnify a prior owner, lienholder, subsequent purchaser,
secured creditor or encumbrancer of the vehicle and any
respective successors in interest against expenses, losses or
damages, including reasonable attorney fees, caused by the
issuance of the paper certificate of title or electronic
certificate of title or by a defect in or undisclosed security
interest upon the right, title and interest of the applicant in
the vehicle.
(e) If any person suffers a loss or damage by reason of
the filing or issuance of the certificate of title as provided
in this section, such person shall have a right of action to
seek relief directly against the applicant and the surety on the
applicant's bond against either of whom the person damaged may
proceed independently of the other, but the aggregate liability
of the surety to any or all persons seeking relief shall not
exceed the total amount of the bond.
Note: Effective 7/1/2027 this subsection will read as:
(e) If any person suffers a loss or damage by reason of
the filing or of the paper certificate of title or
issuance
electronic certificate of title as provided in this section,
such person shall have a right of action to seek relief directly
against the applicant and the surety on the applicant's bond
against either of whom the person damaged may proceed
independently of the other, but the aggregate liability of the
surety to any or all persons seeking relief shall not exceed the
total amount of the bond.
(f) If an applicant is applying for title to a vehicle
which he will restore for his own personal use, title may be
issued without a bond required by this section if the applicant
presents an affidavit of vehicle ownership, a notarized bill of
sale, a certified written statement of the value of the vehicle
and a vehicle identification number (VIN) inspection, at the
time of application. If the value of the vehicle cannot be
determined from any prior registration or title, the applicant
shall provide the county clerk the value of the vehicle. The
value of the vehicle shall be determined from any current
national appraisal guide, or the applicant may elect to submit a
certified written statement obtained from a properly licensed
Wyoming vehicle dealer stating the appraised value of the
vehicle. Any title issued under this subsection shall state on
its face that it is nontransferable for one hundred eighty (180)
days from the date title issued. Notwithstanding the other
requirements of this subsection, a vehicle shall only be
eligible to be titled under this subsection if, on the date the
applicant purchased the vehicle it was not operational and could
not have been rendered operational without substantial repairs
to one (1) or more of the vehicle's mechanical systems. The
department shall define the term "substantial repairs" by rule
and regulation.
Note: Effective 7/1/2027 this subsection will read as:
(f) If an applicant is applying for a paper certificate of
title or electronic certificate of title to a vehicle which he
will restore for his own personal use, a paper title or
electronic title may be issued without a bond required by this
section if the applicant presents an affidavit of vehicle
ownership, a notarized bill of sale, a certified written
statement of the value of the vehicle and a vehicle
identification number (VIN) inspection, at the time of
application. If the value of the vehicle cannot be determined
from any prior registration or title, the applicant shall
provide the county clerk the value of the vehicle. The value of
the vehicle shall be determined from any current national
appraisal guide, or the applicant may elect to submit a
certified written statement obtained from a properly licensed
Wyoming vehicle dealer stating the appraised value of the
vehicle. Any paper certificate of title or electronic
certificate of title issued under this subsection shall state on
its face that it is nontransferable for one hundred eighty (180)
days from the date title issued. Notwithstanding the other
requirements of this subsection, a vehicle shall only be
eligible to be titled under this subsection if, on the date the
applicant purchased the vehicle it was not operational and could
not have been rendered operational without substantial repairs
to one (1) or more of the vehicle's mechanical systems. The
department shall define the term "substantial repairs" by rule
and regulation.