Therefore, it is important to ensure that you check with your state’s requirements to stay up to date with the laws set when selling any item. Required for certain private salesĪ notarized bill of sale form, although not a requirement in some states for specific purchases, some states may require that certain purchases such as those of vehicles, planes, firearms, and heavy machinery only be completed after a bill of sale has been notarized. Once the parties have completed the form and signed it, the notary would go through it, endorse it and attach their official seal to show that they acknowledge the document and its contents. The notary may also break down any information that is unclear to both the buyer and the seller. Proper completion of forms and endorsementsĪ notary can help guide both parties on filling the forms, thereby ensuring that the forms are correctly completed. It is also expected of a notary public to assure that both parties have the mental capacity to finalize the transfer/transaction and are signing under their own free will without any compulsion or constraint. The presence of a notary public also acts as an assurance that both parties are legally capable and competent enough to enter a transaction. Both parties must present their original photo identification before the public notary giving both parties some assurance when doing the transaction. Assurance that both parties consent to the termsĪ public notary also verifies the identity of the seller and buyer during the signing of a bill of sale. Signing the bill of sale form in the presence of a public notary provides additional confirmation and affirmation of the transaction’s authenticity and mitigates any misconduct or fraud. Both parties need to have a document wherein they will be stating their rights and responsibilities during a sale. The notarized bill of sale form protects the seller and the Buyer against fraudulent transactions/sale or sale of stolen property. These are : Protection against fraudulent sales There are several reasons why a notarized bill of sale form is significant for both parties involved the seller and the buyer. Significance of Notarized Bill of Sale Form
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