Mississippi title application form 78-002, also known as the Application for Mississippi Certificate of Title and Registration, is a crucial document used to legally transfer ownership of a vehicle in Mississippi. This form must be completed accurately, providing all necessary information to ensure a smooth and lawful transaction. The Mississippi title application form is divided into various sections, each requiring specific details related to the vehicle and its owner. Some important keywords that relate to this form are: 1. Mississippi: The form relates to the state of Mississippi, indicating its jurisdiction and legal requirements for vehicle title transfers. 2. Title Application: This form serves as a formal request to acquire a certificate of title, which proves legal ownership of the vehicle. 3. Form 78-002: This specific form number is assigned to the Mississippi title application, allowing for easy identification and retrieval within the state's database. The Mississippi title application form 78-002 consists of several sections, namely: 1. Vehicle Identification Information: This section requires the vehicle's make, model, year, body type, vehicle identification number (VIN), and current odometer reading. 2. Owner Information: Here, the owner's full legal name, mailing address, driver's license number, telephone number, and Social Security number are all documented. If there are co-owners, their information must also be provided. 3. Lien holder Information: If there is an outstanding loan on the vehicle, the lien holder's name and address should be indicated in this section. 4. Affidavit of Ownership: The owner(s) must declare that the information provided is true and accurate, acknowledging any potential penalties for presenting false information. 5. Notarization: A notary public may need to witness and validate the owner's signature to authenticate the document's accuracy. It's important to note that while the Mississippi title application form 78-002 is the primary document used for vehicle title transfers, there might be additional or supplemental forms required depending on the specific situation. For example, if the vehicle is purchased from a dealership, there may be additional documentation required to verify the sale and transfer of ownership. In conclusion, the Mississippi title application form 78-002 is a vital document used to legally transfer ownership of a vehicle in the state. Its accurate completion is essential to ensure a smooth and lawful transaction.
Mississippi Title Application Form 78-002
Description application for title form 78 001
How to fill out Mississippi Title Application Form 78-002?
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FAQ
Alt-doc home loans are often referred to as low-doc (low documentation) home loans interchangeably. But where alt-doc loans are designed for borrowers that do not have traditional sources of income, low-doc home loans are for borrowers who have next to no income proof documentation.
An Alt-A mortgage, short for Alternative A-paper, is a type of U.S. mortgage that, for various reasons, is considered riskier than A-paper, or "prime", and less risky than "subprime," the riskiest category.
What Is Alt-A? Alt-A is a classification of mortgages with a risk profile falling between prime and subprime. They can be considered high risk due to provision factors customized by the lender. This type of loan tends to be more expensive for the borrower, as they may carry higher interest rates and/or fees.
Alt-Doc (Alternative Documentation) is a mortgage program that qualifies homeowners by using non-traditional methods and/or non-traditional documentation to determine qualifying income.
Your mortgage servicer may transfer the mortgage servicing rights for your loan to another company to service your loan. If your mortgage servicing rights are transferred to a new servicer, you will need to start sending your monthly payments to the new servicer after a certain date.
Definition. An alternative A-paper, or Alt-A loan, is a type of mortgage classification that falls between a prime mortgage and a subprime mortgage. An alternative A-paper, or Alt-A loan, is a type of mortgage classification that falls between a prime mortgage and a subprime mortgage.
Originated by MERSCORP Holdings, Inc.'s MERS system, the mortgage identification number (MIN) is a unique 18-digit number used to track a mortgage loan throughout its life, from origination to securitization to payoff or foreclosure.
The Truth in Lending Act, or TILA, also known as regulation Z, requires lenders to disclose information about all charges and fees associated with a loan. This 1968 federal law was created to promote honesty and clarity by requiring lenders to disclose terms and costs of consumer credit.