Mississippi Bill Of Sale For Boat With Down Payment

Category:

Bills of Sale - Boats and Watercrafts

State:

Mississippi

Control #:

MS-00431A

Format:

Instant download

Description

The Mississippi Bill of Sale for Boat with Down Payment is a crucial legal document used to facilitate the sale of watercraft in the state of Mississippi. This form requires the seller to disclose essential details about the watercraft, including its make, model, style, and hull identification number. The document outlines the purchase price, which can include a down payment, providing clarity on the financial transaction. Key features include warranty disclaimers and guarantees that the property is free from encumbrances, which protect both parties involved. Sellers must sign in the presence of a notary public to validate the transaction. This form is particularly useful for attorneys, partners, and legal assistants as it streamlines the sales process and ensures compliance with state regulations. Owners and associates can leverage the bill of sale to formally document ownership transfer, safeguarding their interests in the transaction. Additionally, paralegals can assist clients in accurately filling out the form, ensuring all necessary information is captured for effective record-keeping.

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Bill of Sale

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FAQ

You must complete a boat and/or motor title application, sign, and have the application(s) notarized. You can obtain a boat and/or motor title at the MDWFP Headquarters ONLY. Mail the title application(s) to MDWFP Headquarters (MDWFP Title Department, 1505 Eastover Dr. Jackson, MS 39211).

How to Write1 Save The Boat Sales Receipt.2 Identify The Boat Seller And Buyer.3 Describe The Purchased Boat.4 Report The What The Boat Buyer Paid For.5 Document The Boat Sale's Payment.

Your bill of sale must be notarized or signed by two witnesses. New or used boats purchased outside of this state must show proof of 7% Mississippi sales tax paid if this was not paid at time of purchase.

Required DocumentsBill of Sale;Certificate of Title (if the vessel had a previous owner);Mississippi Motor Boat Registration Application;Mississippi Motor Title Application (if applicable); and.Registration Fees.

How to Complete the FormMake.Year.Hull ID Number.Registration Number.Title Number.Motor Model.Year (of Motor)Odometer Reading (in hours)