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Bill of Sale ? Only required when Assignment of Title or Dealer Assignment is not on the back of the Title. All information on the Bill of Sale must be filled in, and have signatures of both the seller and the buyer.
A New Mexico general bill of sale is a legal document that proves a legal sale and purchase has been executed between two (2) private parties, generally for personal items. The form offers information regarding the seller and buyer, as well as proving a change of ownership.
Documents Required to Sell a Business Depending on the type of business you are selling, you may need an Entity Sale Agreement or an Asset Sales Agreement. Furthermore, if you are financing part of the purchase price, you may need a Security Agreement for Asset Sale, a UCC Financing Statement and a Promissory Note.
To Ensure Your Titling Process Goes Quickly, You Will Need This Documentation: The original or certified copy of the bill of sale or dealer's invoice for your vehicle. Two proofs of New Mexico residency (Note: this is only required if you don't have a valid New Mexico driver's license with your current address)
Parts of a Business Sale Agreement Parties. The names and locations of the buyer and seller will be clearly stated in the first paragraph or two of the contract. ... Assets. The agreement will detail the specific assets being transferred. ... Liabilities. ... Terms. ... Disclosures. ... Disputes. ... Notifications. ... Signatures.
For most private vehicle sales in New Mexico, a bill of sale is not required. However, if the purchase price or odometer statement are missing from the title, then a bill of sale (form MVD-10009) is required.
Selling a Car: Remove the old license plate ? New Mexico is a ?Vehicle Plate to Owner? state. ... File a Notice of Vehicle Sold form with MVD. Keep the VIN number of the vehicle you sell. Fill out Bill of Sale form and file with MVD. Sign over Certificate of Title and Odometer Disclosure statement ? keep copies of both.
The Bill of Sale must be completed by the seller and include all vehicle information (year, make, VIN, sale price, seller's name, address and signature, buyer's name, address and signature).