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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Being a legal document, a deed of sale should be notarized but in terms of the act of writing the thing, then that responsibility falls to the seller of a vehicle. If it isn't notarized, then it's as good as tissue paper.
To successfully transfer a vehicle title in Montana, you need these documents:Application for Certificate of Title for a Motor Vehicle (Form MV1)Proof of Security Interest or Lien (Lien Release Form) (Form MV37A)Bill of Sale (Form MV24)Payment for all applicable fees.
In fact, the State of Montana requires you to use their bill of sale. It must be notarized. You'll also need the vehicle's certificate of title or if you've moved from another state, the registration certificate from that state. You'll need proof of insurance as well.
To start the transfer process, the seller or current holder of title must assign title over to the buyer, with a notarized signature. The buyer and seller also need to create a valid bill of sale that states the sales price and details of the transaction.
Montana requires that the seller(s) signature(s) on a Montana Motor Vehicle Title be notarized. Once notarized, the title becomes a negotiable instrument and ownership is readily transferred to the person holding the title.