Montana Receipt and Acceptance of Goods
Description
How to fill out Receipt And Acceptance Of Goods?
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FAQ
A bill of sale does not replace a Montana title. If the vehicle's title has been lost or destroyed, you will need to obtain a new one by completing an Application for Replacement Certificate of Title (Form MV7) download as pdf .
Since Montana is not a title holding state, the Montana title is mailed to the registered owner, and the lending institution receives a Notice of Security Interest/Lien Filing/Lien Release/Repossession form with which it can either release a security interest or apply for a repossession title.
Writing a bill of sale for a carThe date of the sale.A description of the car, including its: Year, make and model.The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale.Warranty information.The full names, addresses and signatures of the buyer and seller.
Legally Selling the Vehicle To legally sell a vehicle, you must be the owner listed on the Certificate of Title. Every owner listed on the title must sign over the title in front of a notary public. EXCEPTION: notarization is not required for companies signing off a Montana title.
Keep a Written Record of the Sale A record of the sale can be either a photocopy of the reassigned title or a form or document that includes the year, make, VIN, name, address, driver license number, purchase price, and date of sale of the vehicle. For your convenience, you can use form MV24 Bill of Sale.
Transferring a Vehicle Title When Selling a Vehicle in MontanaProperly sign over the vehicle's title by correctly filling out the form and having your signature on the title notarized.Complete a bill of sale (Form MV24) and make sure it includes:Any proof of lien release (if there was a loan previously on the vehicle)
The Bill of Sale provides a legal record of the transaction acting as a proof of purchase and proof of a release of liability. A Bill of Sale is required in Montana if the vehicle's title is missing. You will need to submit the Bill of Sale along with your application for a duplicate title.
To successfully transfer a vehicle title in Montana, you need these documents: Application for Certificate of Title for a Motor Vehicle (Form MV1) Proof of Security Interest or Lien (Lien Release Form) (Form MV37A) Bill of Sale (Form MV24)
Montana requires that the seller(s) signature(s) on a Montana Motor Vehicle Title be notarized. Once notarized, the title becomes a negotiable instrument and ownership is readily transferred to the person holding the title.
