Bill Of Sale Virginia With Lien
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Bills of sale in Virginia, which can be drafted by hand if necessary, do not need to be notarized....1. Virginia Vehicle Bill of SaleThe names, contact information, and signatures of the buyer and seller.A full description of the vehicle.The vehicle identification number or VIN.The sales price.The purchase date.
Releasing the Lien When you receive the title, you can either (1) exchange it at DMV for a clear title and pay the fee, or (2) keep the title that displays the lien as satisfied. In either case, make sure that the lien release is noted on DMV's records and obtain an updated copy of your title.
Virginia does not require a bill of sale to transfer ownership of a vehicle unless the purchase price cannot be listed on the original title. Purchase price documentation is an important step in documenting ownership transfer.
Bills of sale in Virginia, which can be drafted by hand if necessary, do not need to be notarized. However, each document should feature the following information in order to serve its purpose: The names, contact information, and signatures of the buyer and seller.
The bill of sale can be a handwritten statement signed by the seller and purchaser or a Vehicle Price Certification (Bill of Sale) (SUT 1) signed by the seller or purchaser. Vehicles that have been owned for 12 months or more do not need proof of the purchase price.