Indiana Simple Receipt to Seller from Buyer

State:
Multi-State
Control #:
US-134052BG
Format:
Word; 
Rich Text
Instant download

Description

A receipt is a written acknowledgment by the recipient of payment for goods, payment of a debt or receiving property from another.

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FAQ

An Indiana bill of sale can be written in plain English. There is no need for legal jargon or archaic terms. It is important to make sure that the bill of sale includes the required elements.

A bill of sale is required upon the private transfer of a vehicle's title from the previous owner to the new one. Once successfully executed, the new buyer may register the vehicle under their name through the Indiana Bureau of Motor Vehicles (BMV).

You must provide the sales date and purchase price, as well as the odometer reading. If you cannot locate or obtain the title, a Bill of Sale, or Form 44237 is required. You must also include an Odometer Disclosure Statement, or Form 43230, and a Mechanic's Lien Bill of Sale, or Form 23104, if necessary.

Beginning July 1, Indiana consumers have 45 days to title and plate a vehicle after purchase.

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.

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.

For instance, a motorists may use a bill of sale form to help register a vehicle in the state, verify ownership and obtain a new title. However, a DMV bill of sale is not required if vehicle titles are obtainable or if residents can use other documents to prove vehicle ownership.

Indiana law (IC 32-21-5) generally requires sellers of 1-4 unit residential property to complete this form regarding the known physical condition of the property. An owner must complete and sign the disclosure form and submit the form to a prospective buyer before an offer is accepted for the sale of the real estate.

Is a Bill of Sale required for selling a car in Indiana? Yes, Indiana requires a bill of sale for private party vehicle transactions. Form 44237 is what you need, and it requires signatures from both the buyer and the seller.

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Indiana Simple Receipt to Seller from Buyer