6/24/2023 0 Comments Notarized bill of sale form![]() The concept of a bill of sale (BoS) is centuries old. Read on to find out everything you need to know about the mysterious bill of sale. What does that mean? When do you need one? How do you get one? All of these questions and more will be answered in this article. Occasionally, certain transactions will involve a bill of sale. Swiping a credit card to buy groceries, paying cash for knick-knacks at a garage sale, or exchanging money for various types of services like a doctor’s appointment. Some public offices and agencies won’t even move forward with the paperwork without an official Certificate of Authority or seal from your public notary.Daily life is full of countless transactions. Sometimes a title needs to be transferred or registration papers filled out. Ownership isn’t always transferred with a finalized bill of sale. ![]() It Is Required for Transferring Titles and RegistrationĪnd last but not least, a notarized bill of sale may be required to process other important paperwork. So make sure to stay up-to-date with your specific state laws and regulations. Some examples are vehicles, airplanes, heavy machinery, and firearms.Īgain, this changes from state to state. These requirements are set by the local and state governments. Though a Certificate of Authority isn’t necessary for every private exchange, it is required for certain purchases. ![]() Most attempts of fraud or misconduct will be mitigated by having this official witness. This ensures that the seller gets paid and the buyer gets the merchandise. This means the contract of the sale is set in stone and a record is kept with the local notary’s office. The first and most important reason to have a bill of sale notarized is to prevent fraud.Ī public notary acts as a witness to the transaction and places an official seal over the terms of the bill of sale. It Protects the Seller and Buyer Against Fraudulent Sales So why is it so important to notarize a bill of sale? Below, we give you three key reasons why: 1. The most common is for motor vehicles, but it can also be used for transferring ownership of trailers, firearms, businesses, equipment, and just about anything else of value.Īnd while notarizing a bill of sale isn’t always required by local, state and federal laws, it is strongly recommended. Why Is It Important to Notarize a Bill of Sale?Ī bill of sale document is used for all sorts of private purchases and transactions. UPS Store – Most UPS stores offer notary services.ġ – Use their locator to find notaries listed that offer their services. The cost is $25 per notarized document.īank Branch – If you are an account holder at any financial institution (bank, credit union, etc.) a branch location will usually offer these services for free. This can all be done digitally or in person. Once the signer has inscribed their signature, the Notary will sign their own name, place their official stamp onto the document, and write information that identifies who they are. This involves:Įnsuring the signer is who they say they are (their identity must be verified) Įstablishing that the signer understands what they are signing Ĭonfirming they’re signing at their own discretion and Notarization is the act of having a government-commissioned representative verify that the signature on a document is legitimate. Motor vehicles, RVs, motorcycles, and other types of property that are registered with the state require that proof of ownership documents contain notary acknowledgment. Without notarization, a person could attempt to pass a fake bill of sale (along with the seller’s forged signature) in an effort to claim the property as their own. The primary purpose of notarizing a form is to prevent fraud. It contains fillable fields to allow for notarization, which is the process of having a certified third party witness the seller and buyer’s signatures. A notarized bill of sale is a document designed to transfer possession of personal property from one person or entity to another.
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