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An Indiana motor vehicle bill of sale (Form 44237) records a transaction for registration purposes with the Bureau of Motor Vehicles (BMV). A bill of sale is required when transferring a vehicle's title in a private sale.
Customers may use a bill of sale to transfer vehicle ownership in very limited circumstances as outlined below. A bill of sale cannot be used to transfer vehicle ownership for a vehicle that requires a certificate of title by law.
A bill of sale can provide legal proof of ownership and serve as a receipt after the sale is complete. Bills of sale usually include information like: Date of purchase. Buyer and seller contact information.
Both parties are required to sign the document, and may notarize the form if they so wish. If the form is notarized, both parties will be required to prove their identity to the notary public. Once the bill of sale has been completed, the item will be considered paid for with ownership transferred to the buyer.
The bill of sale is not required to be notarized or signed under penalties for perjury. A bill of sale application must include a Physical Inspection of a Vehicle or Watercraft - State Form 39530 .
A purchase and sale agreement, or PSA, is a document that is written up and signed after a buyer and seller mutually agree on the price and terms of a real estate transaction.
Can bill of sale be handwritten in Indiana? It is important to make sure all the requirements for the respected state law are included in the bill of sale. As, with any legal written document a bill of sale can be handwritten.