This Bill of Sale without Warranty by Individual Seller is a Bill of Sale with an appropriate state specific Acknowledgment by Individual Seller.This is a Quitclaim Conveyance. This form complies with all applicable state statutory laws.
Kentucky Bill of Sale without Warranty by Individual Seller
Category:
State:
Kentucky
Control #:
KY-BILLSALE3
Format:
Word;
Rich Text
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FAQ
Both the buyer and seller should receive copies of the bill of sale form. It's important for the buyer to keep the bill of sale with the title of the vehicle for registration and licensing purposes, if necessary. However, all parties should keep them for their own personal records.
Sign two copies of the bill of sale, one for you and one for the other party. Although not strictly required, consider bringing a third party with you when the bill of sale is signed. If questions arise about the sale, that person can serve as a reporter of the transaction.
A Kentucky bill of sale is a legal document that proves that the described item was legally sold from the seller (either a dealer or an individual) to the buyer. As of February 2018, there is no legal requirement to have a Kentucky bill of sale notarized.
In simple terms, a bill of sale agreement is nothing more than a contract for the purchase of a vehicle between a buyer and a seller.In most cases, the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place.
Most states do not require a notary to witness the signing of a bill of sale. However, by law, a notary public must witness both parties signing the document in Louisiana, Nebraska, Maryland, New Hampshire, West Virginia, and Montana. Notaries are optional in other states.
A complete bill of sale is the only step available to you if you want to sell your car without a title. The bill of sale needs to include all the details of the car, including the make, model, year, and VIN. It also needs to include all your information (name, contact details, registration details).
When you sell or buy a vehicle in the Commonwealth of Kentucky a specific Bill of Sale VTR Form # TC96-182 is necessary. This serves as a contract from the seller to the buyer documenting the transaction. This form must be submitted for Title/Registration and must be signed and notarized.
A bill of sale does not serve as proof of ownership. Only a title has that legal authority. Bills of sale serve as proof of title transfer, which buyers and sellers need for personal financial and tax records.
You should not sign anything before you get your money. If the buyer says the buyer would be back later with your money and you sign the title over to the buyer, you likely will never see your money...