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You might be eligible for a NC Bonded Title in, but not limited to, any of these instances: You bought/received a car and never received the title. You bought/received a car and only received a bill of sale.You bought/received a car, received the title, but lost it before transferring it into your name
Many states require a DMV bill of sale document when titling and registering a vehicle in the state, but the NCDMV only requires this document when titling an automobile that was purchased from a dealership.The seller must warrant that the vehicle is free of any encumbrances or liens.
It means that it's exempt from federal odometer disclosure laws so no one has to legally guarantee them to be accurate due to the age and or class of vehicle, Over 10 years old is exempt.
The Federal odometer law, 49 U.S.C.If the odometer mileage is incorrect, the law requires a statement to that effect to be furnished on the title to the buyer. However, vehicles ten years old and older are exempt from the written disclosure requirements.
Typically, the Purchaser does not need to sign the Bill of Sale. However, some jurisdictions will require the Purchaser to sign the Bill of Sale for some or all forms of transactions. You should check your local laws to verify whether the Purchaser's signature is required for your specific sale.
A bill of sale is only legally required in North Carolina when you purchase your vehicle from a car dealership.Your bill of sale will also be needed when you go to title your vehicle, or if the vehicle's ownership becomes part of a trust.
In the State of North Carolina, a Bill of Sale Form is required when you purchase a vehicle from a dealership so make sure the dealership provides you with this form. In private vehicle transactions a Bill of Sale Form is not required in North Carolina.
A valid and current proof of identification. Current maintenance and vehicle records. The vehicle's original or replacement title. Lien Release, if liens are shown on the vehicle title. Odometer Disclosure Statement form MVR-180.