Real Estate Bond
Statutory reference: Section 303.230, RSMo.
In order for the Department of Revenue to accept a real estate bond as proof of financial responsibility, the following conditions must be met:
- A separate Justification of Sureties (Form 1585) must be completed by two or more individual property owners, each owning real estate in this state, together having equities valued to at least $120,000, with no liens or encumbrances against the properties;
- A Proof of Financial Responsibility Bond (Form 1721) must be completed by the property owners; and
- The forms must be approved by the Circuit Court Judge of the county or city where the real estate is located, bear the court seal, and be recorded by the Recorder of Deeds.
The above items must be submitted to:Missouri Department of Revenue
PO Box 200
Jefferson City MO 65105-0200
Within two weeks of receiving your request, our staff will issue your certificate of self-insurance and identification cards, or issue a letter denying your request.