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When you give someone a vehicle, like a friend or family member, it's called ?gifting?. You are required to sign over the title to that person, and the same goes for someone who gifts you a car. Make sure the seller uses the word ?GIFT? as the purchase price when filling out the back of the title.
The most common types of vehicle titles are "clear" (no loans or liens against them), "lienholder" (you're financing a car and the lender is listed on the title), and "electronic" (in states moving to paperless title systems).
How to Fill Out a MA Title When Buying or Selling a Vehicle - YouTube YouTube Start of suggested clip End of suggested clip Well. And then signature purchaser is where the purchaser will sign their name and print it again asMoreWell. And then signature purchaser is where the purchaser will sign their name and print it again as well and then date. It.
TCA 55-3-127(d) requires the seller to enter the following information on the title: The signature and printed name of seller(s) the buyer's name. date of sale. sales price. odometer reading for vehicle model year 2011 and newer.
The title this person is holding is sometimes called a blank title. The seller has signed the title but the purchaser's information has been left blank. This title is also sometimes called an ?open? title, because it has been left open.