Maryland Bill of Sale Package
What is this form package?
The Maryland Bill of Sale Package is a collection of essential legal forms designed to facilitate the transfer of ownership for various assets from a seller to a buyer. This package includes specific bills of sale for automobiles, watercraft, mobile homes, animals, and other personal property, making it distinct from generic forms by catering specifically to Maryland laws and regulations.
Forms provided in this package
Jurisdiction-specific notes
These forms are tailored to meet Maryland's specific legal requirements for the transfer of ownership. Each form adheres to state statutes and includes necessary disclosures, such as odometer readings for vehicles, ensuring compliance with Maryland law.
When to use this document
This package is useful in a variety of scenarios, including:
- Transferring ownership of a vehicle, including cars and motorcycles.
- Selling or purchasing watercraft such as boats or jet skis.
- Transferring ownership of a mobile home.
- Documenting the sale of animals, whether pets or livestock.
- Records for the sale of other personal property, such as furniture, electronics, or collectibles.
Who can use this document
- Private sellers and buyers engaged in personal transactions.
- Dealers selling mobile homes or vehicles.
- Individuals transferring ownership of pets or livestock.
- Anyone needing formal documentation of a sale for personal property.
Instructions for completing these forms
- Review the included forms thoroughly to understand their specific requirements.
- Identify the parties involved in the transaction, including full names and addresses of the seller and buyer.
- Enter relevant details, such as asset descriptions, sale price, and dates.
- Ensure all parties sign the forms where required.
- If needed, arrange for notarization of certain forms as specified within the package.
Notarization guidance for this package
Some forms in this package need notarization to be legally binding. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
Common mistakes to avoid
- Failing to provide complete and accurate descriptions of the asset being sold.
- Not including signatures from all necessary parties.
- Overlooking the requirement for notarization when applicable.
- Not disclosing any outstanding liens or debts associated with the asset.
Why use this package online
- Convenience of downloading and completing documents from home.
- Editability allows for customization tailored to specific transactions.
- Reliability with forms drafted by licensed attorneys knowledgeable in Maryland law.
Form popularity
FAQ
Maryland Title Transfer Requirements First, both the seller and the buyer complete, date, and sign the title. If there is no space to record the odometer reading, the buyer should fill out an Odometer Disclosure statement, complete a bill of sale and notarized it if the vehicle is seven years or newer.
Can a Bill of Sale Be Handwritten? A bill of sale is a legal document that verifies you have sold your car and provides basic information about the vehicle or any other item and the terms of the sale.As, with any legal written document a bill of sale can be handwritten.
A description of the vehicle, including the year, make, model, vehicle style, and Vehicle Identification Number (VIN) Printed names and signatures of the buyer and seller. Date of the sale. Total cost of the vehicle.
Writing the Bill of Sale On the bill of sale template, where the dollar amount is listed, write gift in the allotted space. You'll need to note the date of sale, the car's identification number, make, model and the number of miles on the odometer at the time of the transfer.
You will need a notary, witnessing both the buyer(s) and seller(s) signatures, if you present a bill of sale to complete your transaction.A notarized MVA Bill of Sale200b (form # VR-181) is needed if the sale price is less than the vehicle's book value and the vehicle is 7 years old or newer.
Complete Buyer Information. All sellers must print and sign their name EXACTLY as it appears on the front of the title.
Exercise tax (based on purchase price, age and mileage). Proof of auto insurance. Apply and pay required $50 titling fee. Apply for Certificate of Title (when the title originally come from another state). Submit a Certificate of Inspection (if possible) and lastly,
Most states do not require a notary to witness the signing of a bill of sale. However, by law, a notary public must witness both parties signing the document in Louisiana, Nebraska, Maryland, New Hampshire, West Virginia, and Montana. Notaries are optional in other states.
The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.
