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Notice of Transfer and Release of LiabilityYou will need the new owner's name and address.Have the license plate number and last five digits of the vehicle identification number (VIN) handy.Have the vehicle odometer reading as of the sale or transfer date.More items...
A liability waiver, which may also be referred to as a liability release form, is signed by an individual who wishes to engage in an activity that has a known risk of injury, which, if realized, can result in damages.
How to Fill Out REG 138 Form?Write down the new owner's full name and address.Record the current odometer reading;Indicate the date of sale, transfer, or lease return;Enter the seller's or lessee's full name or company name and address;State the selling price of the vehicle or watercraft.More items...
The Waiver must be clearly worded and unambiguous in its intent to relieve any and all legal liability, even liability for negligence. The Waiver should be prominent and not hidden in the fine print of a long contract. The Waiver must be signed by the person who it is being used against.
Release Form Enforceability A minor usually cannot legally release his or her rights. Only the minor's parent or guardian can do so. So, a release signed only by the minor is not enforceable. In addition, the release must be signed before any injury has occurred.