A DMV release of liability form is necessary to inform your Motor Vehicle Company or town about the sale of your car. The release of this form is mandatory in some states and it is advisable to complete it before canceling vehicle insurance for the sold car. Below is a sample DMV release of liability form.
You can Download the DMV Release of Liability template, customize it according to your needs and Print. DMV Release of Liability Form is either in MS Word, Editable PDF.
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Features:
Identifies parties involved:
The form clearly identifies the seller and the new owner of the vehicle.
Vehicle information:
The form collects detailed information about the vehicle, including license plate number, vehicle identification number, make, model, year, and odometer reading.
Date of sale:
The form records the date of the sale of the vehicle.
Signatures:
The form requires signatures from both the seller and the new owner, acknowledging the transfer of ownership.
Benefits:
Protects the seller:
By completing and signing the form, the seller transfers liability for the vehicle to the new owner, protecting themselves from potential legal issues or accidents involving the vehicle after the sale.
Facilitates vehicle registration:
The new owner can use the completed form as proof of ownership when registering the vehicle with the DMV.
Clear documentation:
The form provides a clear and documented record of the vehicle sale, including the details of the transaction.
Compliance with DMV regulations:
The form helps ensure compliance with DMV regulations regarding the transfer of vehicle ownership.
