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An Indiana bill of sale can be written in plain English. There is no need for legal jargon or archaic terms. It is important to make sure that the bill of sale includes the required elements.
Releasing a LienThe individual lienholder must sign off in the proper lien release section on the certificate of title;The vehicle owner must obtain a lien release letter; or.The vehicle owner must obtain a general Affidavit State Form 37964 that is signed by the individual lienholder.
You must provide the sales date and purchase price, as well as the odometer reading. If you cannot locate or obtain the title, a Bill of Sale, or Form 44237 is required. You must also include an Odometer Disclosure Statement, or Form 43230, and a Mechanic's Lien Bill of Sale, or Form 23104, if necessary.
When using a bill of sale to transfer ownership, the bill of sale must contain:The purchaser's name.Vehicle description, including the year, make, and model of the vehicle.Vehicle Identification Number (VIN)Seller's signature.Seller's address.