This form is a Promissory Note in connection with the sale of a vehicle where the Buyer is to pay a portion of the purchase price over time.
This form is a Promissory Note in connection with the sale of a vehicle where the Buyer is to pay a portion of the purchase price over time.
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To legally sell a vehicle, you must be the owner listed on the Certificate of Title. Every owner listed on the title must sign over the title in front of a notary public. EXCEPTION: notarization is not required for companies signing off a Montana title.
Since Montana is not a title holding state, the Montana title is mailed to the registered owner, and the lending institution receives a Notice of Security Interest/Lien Filing/Lien Release/Repossession form with which it can either release a security interest or apply for a repossession title.
Tips for filling out the title to sign it over to the buyer:The buyer's name and address must be written on the title, per Montana law. Sellers need to complete the odometer (mileage) disclosure. The mileage must be disclosed on any vehicle with a model year of 2011 or newer.
A bill of sale does not replace a Montana title. If the vehicle's title has been lost or destroyed, you will need to obtain a new one by completing an Application for Replacement Certificate of Title (Form MV7) download as pdf .
How Do I Write a Montana Bill of Sale?Their name (printed)The date of the bill of sale.Certain information about the item being sold.The amount the item was sold for.The signatures of the involved parties.In some instances, the bill of sale may also need to be notarized.