This is simply because the accredited notary public will witness the transaction, place their signature and official stamp onto the bill of sale form, and keep a record of the notarization of the bill of sale in their office. Here are the key reasons for notarizing the bill of sale: Protects against fraudĪ notarized bill of sale form protects both the seller and the buyer from any fraudulent sale. Even though one may not be legally required to have their bill of sale form notarized, it is greatly encouraged to do so in order to prove that the transaction was legitimate. Based on the type needed, notarization can be required by local, state, or federal laws to make the transfer of ownership of personal property from one party to another smoother and more secure.
Generally, some bill of sale forms needs to be notarized, while others do not. The main purpose of having the bill of sale form notarized is to prevent any potential fraud.Ī typical notarized bill of sale form contains information such as the seller’s and buyer’s personal information, a description of the item (s) being transferred, the agreed-upon purchase price, the date of sale, warranties/representations, an ‘as is’ clause (if applicable), identification of the state whose laws govern the transaction, signatures of both the seller and the buyer, and an accredited notary citizen’s signature and official stamp. Notarization can be defined as the process of having a licensed/certified third party witness the signing of the bill of sale form.
Whereas most states in the United States do not require a notarized bill of sale, it is still essential to ensure that your bill of sale contains fields to allow for notarization. The notarized bill of sale form can be used to certify the transfer of ownership of any valuable item, including jewelry, motor vehicles, equipment, animals, aircraft, firearms and hunting gears, electric appliances and gadgets, boats, among others. A Notarized Bill of Sale Form is a legal document designed to allow and record the transfer of ownership of personal property from a seller to a buyer.
0 kommentar(er)
