5/28/2023 0 Comments Notarized bill of sale for trailerNow that you have a bonded title, you can register the vehicle, get a title loan, or buy car insurance.įinally, it’s important to note that the DMV is the only entity authorized to confirm your eligibility for the bonded title. Note that the secretary of the state issues the bonded title, and this happens only after the comprehensive review of the bond and the letter from the DMV. Step Two Buyer + Seller Personal Details Each person involved in the deal must inscribe their full name, home address, home or cellphone number, and active email. Step One Date of Sale Enter the day the sale occurred in a two-digit month, two-digit day, four-digit year format. The bonded title names you as the new owner of the vehicle. Follow the steps below to complete a trailer bill of sale form. What is a bonded title?Ī bonded title is a lot like the regular car title, but it’s different from a regular title in that it’s marked “bonded” because of the surety bond attached to it.Īfter obtaining your surety bond, you will be required to apply for the bonded title within a specific duration. This purchase allows the DMV to list you as the new owner of the property. The purchase of the surety bond confirms that the vehicle you bought is cleared and free of liens. After verifying your details, the DMV will inform you of the surety bond’s cost and the approved insurance provider you need to buy the bond from, for you to get the bonded title. The guys at the DMV will go through and record your details. Witnesses and notarization are not legally required for your Trailer Bill of Sale Form. To get the surety bond, you have to take the signed bill of sale and your identification documents to the DMV. Does a Trailer Bill of Sale Form need to be notarized or witnessed. The vehicle’s identification number and the license plate numberįull legal names and addresses, as well as signatures of the buyer and seller.Ĭreate Your Free Bill of Sale Using the Surety Bond It’s also important to note that the legality of your bill of sale depends on whether it bears or the necessary information or not.Ī valid vehicle bill of sale form has the following details: The bill of sale is not a form of title, but you could use it to obtain the vehicle’s title from the DMV. It’s also an important document for the buyer’s and the seller’s records, and it proves to the DMV that you bought that vehicle from the named seller legally. Think of it as a legal contract used to transfer ownership of the vehicle to the new owner. What is a bill of sale?Ī bill of sale refers to a legally binding document which confirms that you actually bought that vehicle from a private entity or party. The surety bond confirms the absence of liens on the vehicle. While a bill of sale is a legal document that transfers ownership of that vehicle to you, it fails to mention whether there exist liens on the vehicle or not. Yes, but first, you must obtain a surety bond.
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