Add Comments To Legal Minnesota Bill Of Sale Forms For Free

A Minnesota bill of sale is a legal document used to transfer ownership of a valuable item from one person to another based on the specific state laws of Minnesota. The item can be any personal property bought or exchanged for money or traded for another valuable item.

Late fee. In addition to any fee or tax otherwise authorized or imposed upon the transfer of title for a motor vehicle, the commissioner of public safety shall impose a $2 additional fee for failure to deliver a title transfer within ten business days.

Usually, the vehicle's title can be used to transfer ownership; however, if certain crucial information is missing from the document, the deputy registrar's office may require a bill of sale or similar document signed by both parties.

You can easily create your own bill of sale for Minnesota. Be sure your document indicates the seller, buyer, property, date, and price of the sale. Include identifying information and details that impact price, like the VIN number and odometer reading of a car. Both the buyer and seller need to sign the document.

A Minnesota bill of sale provides details regarding a sale between a buyer and seller for personal property. Most commonly used for vehicle transactions, the form includes sales information required for accounting and registration purposes (Use at a Driver and Vehicle Services' Location).

Minnesota law requires a title be transferred within 10 business days of the date of sale to avoid a penalty. The Anoka County License Centers recommend that all buyers and sellers appear in person to complete the title transfer.