This is a limited power of attorney authorizing your agent to execute a bill of sale, title and other documents in connection with the sale of a motor vehicle. This form contains a state specific acknowledgment. This form allows your agent to do all things necessary to sell or transfer property, including the execution of a bill of sale, title, odometer statement, request for release of liens and other documents and to receive all funds from the purchase of the same.
Title: Understanding the Indiana BMV Power of Attorney with Odometer Disclosure Keywords: Indiana BMV, Power of Attorney, Odometer Disclosure, Types Introduction: The Indiana BMV Power of Attorney with Odometer Disclosure is a legally binding document that grants authority to an agent, typically referred to as an attorney-in-fact, to act on behalf of the vehicle owner for specific purposes. This power of attorney form becomes even more crucial when there is a need to disclose vehicle mileage accurately. In this article, we will delve into the details of the Indiana BMV Power of Attorney with Odometer Disclosure, its significance, and the various types available. 1. General Information: The Indiana BMV Power of Attorney with Odometer Disclosure is an essential document for situations when the vehicle owner cannot be physically present to complete necessary tasks related to their vehicle. It empowers a trusted individual, known as the agent or attorney-in-fact, to handle odometer disclosures and other legal matters on behalf of the vehicle owner. 2. Odometer Disclosure: The Power of Attorney with Odometer Disclosure specifically allows the agent to provide accurate information regarding the vehicle's mileage during certain authorized transactions. This ensures compliance with state regulations and legalities associated with mileage information. 3. Types of Indiana BMV Power of Attorney with Odometer Disclosure: a) Limited Power of Attorney with Odometer Disclosure: This type of power of attorney delegates limited authorization to the agent. It is used for specific transactions, such as selling a vehicle, where the agent needs to disclose the odometer reading accurately. b) Durable Power of Attorney with Odometer Disclosure: A durable power of attorney remains in effect even if the vehicle owner becomes incapacitated or mentally incompetent. This type of power of attorney is preferred in cases where long-term vehicle management is required. c) Springing Power of Attorney with Odometer Disclosure: This type of power of attorney goes into effect only upon the occurrence of certain events or conditions specified by the vehicle owner. It provides control and protection until the triggering event takes place. 4. Required Information: To complete the Indiana BMV Power of Attorney with Odometer Disclosure, the following information is usually required: vehicle identification number (VIN), make, model, year, owner's details, agent's details, notary public information, and accurate odometer reading. Conclusion: The Indiana BMV Power of Attorney with Odometer Disclosure is a crucial legal document that allows individuals to authorize a trusted agent to carry out specific vehicle-related tasks and accurately disclose mileage information. The different types of power of attorney with odometer disclosure mentioned above cater to varying requirements and circumstances. It is essential to understand the specific guidelines and legalities associated with each type when preparing and executing the document.
