Utah Bill Of Sale With Lien

State:
Utah
Control #:
UT-00431-C
Format:
Word; 
Rich Text
Instant download

Description

The Utah Bill of Sale with Lien is a legal document used to finalize the sale of a motor vehicle in the state of Utah, ensuring that the seller retains a lien on the vehicle until payment is fully received. This form captures essential details, including the buyer and seller's information, purchase price, and vehicle identification details such as the Make, Model, and VIN. A significant feature of this bill of sale is the Promissory Note section, which outlines payment terms, interest rates, and repercussions in case of default. Users must complete the document fully, ensuring all required signatures are obtained and notarization is performed to solidify its legality. Attorneys, paralegals, and legal assistants can utilize this form to guide clients through vehicle transactions while protecting their interests by documenting the lien status. Partners and owners may find it useful for safeguarding assets during sales, while associates can aid in ensuring compliance with state laws regarding vehicle sales. Overall, this document is vital for any party engaged in buying or selling vehicles within Utah, ensuring clarity and protection for both buyers and sellers.
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  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note

How to fill out Utah Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?

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FAQ

Utah Bill of Sale Requirements While drafting a bill of sale is good standard practice for the purchase of many big-ticket items, they are required for the purchase of boats or motor vehicles in the state of Utah. You can use the form the state of Utah provides (Form TC-843), or you can draft your own.

The bill of sale should contain:name and address of the buyer;name, address and signature of the seller;complete vehicle description, including the Vehicle Identification Number (VIN);description of trade-in, if any;purchase price of the vehicle;trade-in allowance, if applicable; and.net purchase price.

A Bill of Sale typically includes:The full names and contact information of the buyer and seller.A statement that transfers ownership of the item from the seller to the buyer.A complete description of the item being purchased.A clause indicating the item is sold "as-is"The item's price (including sales tax)More items...

Although not legally required, the Utah DMV advises and provides private sellers with a bill of sale (form TC-843) to use when selling your car on your own. The bill of sale provides proof the seller has legally transferred ownership of the vehicle to the buyer.

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Utah Bill Of Sale With Lien