Illinois Bill of Sale Issued Shares
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How to fill out Bill Of Sale Issued Shares?
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FAQ
Complete and mail the Notice of Sale form (attached to the bottom of the title) to the Secretary of State's office. If the title does not contain a Notice of Sale form, it may be down- loaded at ilsos.gov. Request the buyer's name and address in case there are title or registration problems after the sale.
When you sell and/or release interest in a vehicle that is titled and/or registered in the State of Illinois, this form must be immediately completed and mailed to the Secretary of State Vehicle Services Department to ensure that your responsibility for the vehicle is released.
A bill of sale should include the name, address, and driver's license numbers of both the buyer and the seller, along with the signatures of both parties. This document should also include essential information about the vehicle, including the make, model, year, VIN, color, and current mileage at the time of sale.
Illinois doesn't require a bill of sale and the state doesn't have a standardized form for one. But, that doesn't mean you can't create your own as proof of the transaction to protect your interests.
You'll need the following as part of selling a car in Illinois, per the Illinois Secretary of State. Your vehicle title. You'll need a valid vehicle title to give to the buyer. ... Get a Notice of Sale form. ... Create a Bill of Sale for the buyer. ... Print out the Odometer Disclosure Statement for Title Transfers.
When you sell something like that, your bill of sale will include basic information like: Seller name and contact information. Buyer name and contact information. Description of the item(s) you're selling. Price of the item(s) you're selling. Date the sale was made. Space for the buyer and seller to sign.
An Illinois general bill of sale is a legal document that would usually be used for the sale, purchase, or trade of any personal property between two (2) private parties. It serves as proof that the item(s) was properly sold and purchased. It also proves the change of ownership. This document will require notarization.
Evidence of your right to acquire a title, such as a bill of sale, receipt or canceled check. If evidence of your ownership is not available, a notarized statement explaining how you came into possession of the vehicle is needed.
