BASIC NOTARIZED BILL OF SALE REGISTRATION

BASIC NOTARIZED BILL OF SALE REGISTRATION

The bill of sale combined with a registration certificate may be enough to prove ownership, if a valid title isn’t available. This will help prevent any problems that may arise later on. Buying or selling a vehicle? Make sure you have a copy of a bill of sale signed by both parties at the time of the sale. That includes the names and addresses of both buyer/seller, date of sale, price, and vehicle information. The bill of sale acts as a receipt or record of necessary information. It is a legally binding document that is commonly used when the former owner transfers possession of the goods to a new owner. – Use their locator to find notaries listed that offer their services.A bill of sale is a document that transfers ownership from one person (the Seller) to another (the Buyer).UPS Store – Most UPS stores offer notary services.Bank Branch – If you are an account holder at any financial institution (bank, credit union, etc.) a branch location will usually offer these services for free.Some public offices and agencies won’t even move forward with the paperwork without an official Certificate of Authority or seal from your public notary. Sometimes a title needs to be transferred or registration papers filled out. Ownership isn’t always transferred with a finalized bill of sale. It Is Required for Transferring Titles and RegistrationĪnd last but not least, a notarized bill of sale may be required to process other important paperwork. So make sure to stay up-to-date with your specific state laws and regulations. Some examples are vehicles, airplanes, heavy machinery, and firearms.Īgain, this changes from state to state. These requirements are set by the local and state governments. Though a Certificate of Authority isn’t necessary for every private exchange, it is required for certain purchases. Most attempts of fraud or misconduct will be mitigated by having this official witness. This ensures that the seller gets paid and the buyer gets the merchandise. This means the contract of the sale is set in stone and a record is kept with the local notary’s office. A public notary acts as a witness to the transaction and places an official seal over the terms of the bill of sale. The first and most important reason to have a bill of sale notarized is to prevent fraud. It Protects the Seller and Buyer Against Fraudulent Sales So why is it so important to notarize a bill of sale? Below, we give you three key reasons why: 1. And while notarizing a bill of sale isn’t always required by local, state and federal laws, it is strongly recommended.

The most common is for motor vehicles, but it can also be used for transferring ownership of trailers, firearms, businesses, equipment, and just about anything else of value. Why Is It Important to Notarize a Bill of Sale?Ī bill of sale document is used for all sorts of private purchases and transactions. A copy should be given to each party for their records. The form is complete when it has been filled in with a description of the property being sold and signed by the buyer and seller in the witness of the notary public. This designation is provided by every State and when a Notary signs a document, it becomes legally witnessed. A notarized bill of sale form is a document that allows and records the legal transfer of any type of personal property (vehicle, boat, etc.).

Basic notarized bill of sale