California Bill of Sale: What You Need to Know
There are many forms offered and required by the drivers of California and it can be hard for one to determine the ones they need for the services they want. The California bill of sale is one of the forms required for the sale of vehicles. This document serves a great purpose when it comes to selling cars and it is also needed for other services. When you are purchasing or selling the vehicle, the bill of sale will be important and it can either be generic from a third-party provider or the California DMV.
This bill is to be completed at the time the sale and needs to be signed by both the seller and buyer. The law has mandated that the seller should have this bill of sale completed when it is requested by the buyer. In addition, it helps relieve the seller of any responsibility and the purchaser will have to sign it to confirm the sale. It only becomes valid when it has been notarized by the MVD. It is a formal receipt that shows a transaction has taken place. It contains the following information:
- The vehicle identification number
- The year and make of the vehicle
- The body style of the vehicle
- The date of sale
- The amount paid
- Name of buyer and seller
- Driving license number of the buyer and seller
- Birth details of buyer and seller
- Mailing addresses of the buyer and seller
- Signatures of the seller and buyer
- DMV agent signature
The California bill of sale relieves the seller from the taxes that have been imposed on the vehicle, although there is no replacement for the NRL. The seller needs to sign the Notice of Transfer and Release of Liability form that can be completed online or printed out. This form will release the seller of civil and criminal liability until the new owner completes the registration and title transfer.
The California bill of sale can be obtained from the DMV, although one can call and request the form and have it mailed. In addition, you can go online and download it from the California DMV website. The legal bill of sale will not be required for registration and titling, although one will require other documents like the original title and the application for registration and titling. They will not be penalized for losing the California bill of sale though you will be losing an important document for your records, and that could be a problem in the future. Though if you need to have it, you can contact the seller and fill the form out again and have it notarized. Remember that the DMV will use the bill of sale to compute the fee for the license for the vehicle.