The Iowa DOT requires a completed bill of sale template in certain cases when the vehicle is sold within the borders of the state, along with a completed odometer statement, a title registration, name of the previous county of car registration, expiration date of the license plates and a damage disclosure statement. When is a bill of sale necessary in Iowa?Ī vehicle bill of sale in Iowa is one of the documents recommended when selling or buying used motor vehicles in the state. Learn how to complete an Iowa bill of sale form and where to find a template by reading the sections below. A car bill of sale contains information about the vehicle in question, as well as details about the buyer and seller, making it a useful document in certain situations. A completed Odometer Disclosure Statement (MVR-180), if the vehicle is fewer than 10 years old. However, the document is nevertheless highly recommended for both vehicle sellers and purchasers. A completed, notarized Title Application (MVR-1) Emission & Safety Inspection. Although a vehicle bill of sale is needed for a car title transfer procedure in some states, the Iowa Department of Transportation (DOT) does not have a strict requirement for filing such a document. – Use their locator to find notaries listed that offer their services.An Iowa bill of sale is a legal document that shows the transfer of ownership rights over a motor vehicle between two parties. ![]() 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. A bill of sale application must include a Physical Inspection of a. These requirements are set by the local and state governments. The bill of sale is not required to be notarized or signed under penalties for perjury. 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.).
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