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Bill of Sale on Iowa Certificate of Title Depending on which version of title certificate your county is using, you may use the updated title as the bill of sale under the TRANSFER/SALE DATE section. If the title certificate does not include this section, a bill of sale is still required.
A bill of sale is a legal document that proves a transfer of ownership between a seller and a buyer. It frees the seller from liability and gives the buyer proof of ownership. The seller is responsible for drawing up the bill of sale form, and the buyer should carefully review it before signing.
What Should Be Included in an Iowa Bill of Sale? An Iowa bill of sale should include information about the buyer, the seller, the property and the terms of the sale. If you are selling a motor vehicle, you can access a sample Iowa template to create a document that contains all of the necessary information.
What should be included in a bill of sale in Iowa? A bill of sale serves as proof of purchase. The form should include the names of both the buyer and the seller, a property description and the price the buyer paid.
A bill of sale is a written instrument that attests to a buyer's purchase of property from a seller. In this way, it is similar to a receipt.
To transfer ownership of a motorcycle in the state of Iowa, the buyer and seller need to properly fill out and sign the necessary paperwork. Required documents include the current Certificate of Title, an application for a new Certificate of Title and/or Registration, and the motorcycle bill of sale.