Table of Contents
The State Form 20070 is an essential document for registered vehicle dealers in Indiana, facilitating the reassignment of a vehicle's title. This form is specifically designed for use with both Indiana and out-of-state titles that have not undergone three dealer reassignments. However, it is important to note that the form cannot be utilized for certain transactions, including those involving Indiana titles printed after September 1989, certificates of origin, or any out-of-state titles that explicitly state “No Additional Dealer Reassignments.” The form requires detailed information about the vehicle, including its identification number, year, and make, along with the dealer's information and the selling price. An odometer statement is also mandated, ensuring compliance with federal and state laws regarding mileage disclosure during ownership transfer. Both the dealer and the purchaser must affirm the accuracy of the information provided, acknowledging the legal implications of any false statements. While the Indiana Bureau of Motor Vehicles provides this form, it does not guarantee acceptance by titling agencies in other jurisdictions, making it crucial for dealers to understand its limitations and requirements.
Sample - State 20070 Form
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REASSIGNMENT OF A VEHICLE BY A REGISTERED DEALER
State Form 20070 (R6 /
INDIANA BUREAU OF MOTOR VEHICLES
The legal authority for this form is 140 IAC
INSTRUCTIONS: 1. Complete in blue or black ink or print form.
2.This form can be used with an Indiana or an
3.This form cannot be included with transactions containing: (1) any Indiana title printed after September 1989, (2) a certificate of origin, (3) a bill of sale, (4) any
(6) any title for the purposes of replacing a skipped reassignment, or (7) Certificate of Salvage Vehicle titles.
4.The Indiana BMV does not guarantee that this form will be accepted by titling agencies in the other jurisdictions.
SECTION 1- TO BE COMPLETED BY A REGISTERED DEALER
Vehicle Identification Number
Vehicle Year
Vehicle Make
The dealer listed below hereby sells, assigns, transfers, and conveys the above vehicle described on the attached certificate of title, title number
from the State of |
|
and warrant the title of said vehicle at the time of delivery subject to the |
following liens or security interests if any, and none other as specified below.
Name of Dealer
Dealer Number
Dealer Business Address (number and street)
City
State
ZIP Code
Date of Sale (mm/dd/yyyy)
Selling Price
Name of Purchaser(s) (last, first, middle initial or company name)
Purchaser Address (number and street)
City
State
ZIP Code
Electronic Lien and Title (ELT) Identification Number, if applicable
Name of Lienholder (if no lienholder write “None”)
Lienholder Mailing Address (number and street)
City
State
ZIP Code
ODOMETER STATEMENT
Federal and State law requires that you state the mileage upon transfer of ownership.
Failure to complete or providing a false statement may result in fines, imprisonment, or both.
I certify to the best of my knowledge that the odometer reading is the actual mileage of the vehicle unless one of the following statements is checked:
Miles (no tenths)
1.I hereby certify that to the best of my knowledge the odometer reading reflects the amount of mileage in excess of its mechanical limits.
2.I hereby certify that the odometer reading is NOT the actual mileage. WARNING – ODOMETER DISCREPANCY.
SECTION 2- AFFIRMATION
Must be signed by dealer and purchaser.
I swear or affirm that the information I have entered on this form is correct. I understand that making a false statement may constitute the crime of perjury.
Signature of Dealer Representative
Printed Name
Position
Date Signed (mm/dd/yyyy)
I am aware of the above odometer certification made by the seller.
Signature of Purchaser |
Printed Name |
Date Signed (mm/dd/yyyy)
File Specs
| Fact Name | Details |
|---|---|
| Form Purpose | This form is used for the reassignment of a vehicle by a registered dealer in Indiana. |
| Governing Law | The form is governed by Indiana state law and regulations set by the Indiana Bureau of Motor Vehicles (BMV). |
| Eligibility | The form can be used with Indiana or out-of-state titles that have fewer than three dealer reassignments. |
| Restrictions | This form cannot be used with certain titles, including those printed after September 1989 or those with existing reassignments. |
| Odometer Statement | Federal and state law requires an odometer reading to be provided during the transfer of ownership. |
| Signature Requirement | Both the dealer and the purchaser must sign the form to affirm the accuracy of the information provided. |
State 20070 - Usage Guidelines
Filling out the State Form 20070 is a straightforward process, but attention to detail is crucial. This form is used for the reassignment of a vehicle by a registered dealer in Indiana. After completing the form, you will need to ensure that all required signatures are obtained and that the document is submitted to the appropriate agency.
- Begin by using blue or black ink to fill out the form, or print it neatly.
- In Section 1, enter the Vehicle Identification Number (VIN), Vehicle Year, and Vehicle Make.
- Provide the dealer's name, dealer number, and business address, including city, state, and ZIP code.
- Fill in the date of sale in the format mm/dd/yyyy.
- Enter the selling price of the vehicle.
- List the name of the purchaser(s) using their last name, first name, and middle initial or company name.
- Complete the purchaser's address, including number and street, city, state, and ZIP code.
- If applicable, provide the name of the lienholder. If there is no lienholder, write “None.”
- Fill in the lienholder's mailing address, including number and street, city, state, and ZIP code.
- In the Odometer Statement section, state the mileage upon transfer of ownership. Ensure accuracy to avoid legal issues.
- Check the appropriate box regarding the odometer reading, indicating if it reflects actual mileage, exceeds mechanical limits, or is not accurate.
- In Section 2, both the dealer and purchaser must sign to affirm the accuracy of the information provided.
- Print the name and position of the dealer representative who signed, along with the date signed in mm/dd/yyyy format.
- Finally, the purchaser must also sign and print their name, along with the date signed in mm/dd/yyyy format.
Your Questions, Answered
What is the State Form 20070 used for?
The State Form 20070 is primarily used for the reassignment of a vehicle by a registered dealer in Indiana. It facilitates the transfer of ownership from the dealer to the purchaser, ensuring that all necessary information is documented correctly for titling purposes.
Who is eligible to complete the State Form 20070?
This form must be completed by a registered dealer in Indiana. Only licensed dealers can use this form to reassign a vehicle title, making it crucial for ensuring that the transaction adheres to state regulations.
What types of titles can be used with the State Form 20070?
The form can be used with both Indiana and out-of-state titles, provided that the title does not have three dealer reassignments. It’s important to ensure that the title meets these criteria to avoid complications during the transfer process.
Are there any titles that cannot be used with this form?
Yes, there are several titles that cannot be used with the State Form 20070. These include any Indiana title printed after September 1989, certificates of origin, titles with three dealer reassignments, titles that specify “No Additional Dealer Reassignments,” titles with usable reassignments, titles for replacing skipped reassignments, and Certificate of Salvage Vehicle titles.
What information is required on the form?
The form requires specific details such as the Vehicle Identification Number (VIN), year, make of the vehicle, dealer information, selling price, purchaser details, lienholder information, and an odometer statement. Each section must be filled out accurately to ensure a smooth transaction.
What is the significance of the odometer statement?
The odometer statement is a legal requirement that confirms the mileage of the vehicle at the time of sale. Providing false information can lead to serious consequences, including fines or imprisonment. Therefore, it is essential to report the mileage accurately.
What happens if the form is not accepted by titling agencies?
The Indiana Bureau of Motor Vehicles does not guarantee acceptance of the State Form 20070 by titling agencies in other jurisdictions. It is advisable to check with the relevant agency beforehand to ensure compliance with their requirements.
What must the dealer and purchaser do to finalize the form?
Both the dealer and the purchaser must sign the form to affirm that the information provided is correct. This affirmation is crucial as it holds both parties accountable for the accuracy of the details, and any false statements may lead to legal consequences.
How should the form be completed and submitted?
The form should be completed using blue or black ink, or it can be printed. Once filled out, it must be submitted according to the specific instructions provided by the Indiana Bureau of Motor Vehicles, ensuring that all required information is included.
Common mistakes
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Using the Wrong Ink Color: The instructions specify that the form must be completed in blue or black ink. Using any other color may lead to rejection of the form.
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Incorrect Title Type: This form cannot be used with certain titles, such as those printed after September 1989 or those that indicate "No Additional Dealer Reassignments." Failing to check the title type could result in complications.
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Missing Information: Each section of the form requires specific details, including the Vehicle Identification Number and the dealer's information. Omitting any of these can delay processing.
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Incorrect Odometer Reading: Providing an inaccurate odometer statement can lead to severe penalties. It’s crucial to ensure that the mileage stated reflects the actual condition of the vehicle.
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Signature Issues: Both the dealer and the purchaser must sign the form. A missing signature can render the form invalid, causing unnecessary delays.
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Inaccurate Selling Price: The selling price must be clearly stated. Misrepresentation of this figure can lead to legal issues, including potential fraud allegations.
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Ignoring Lienholder Information: If there is a lien on the vehicle, it must be documented. Not doing so could create problems for the new owner when trying to register the vehicle.
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Not Following Submission Guidelines: Ensure you know how and where to submit the form. Each jurisdiction may have different requirements, and not following them can result in rejection.
Documents used along the form
When dealing with vehicle transactions, it's essential to understand the various forms and documents that accompany the State Form 20070. Each document plays a crucial role in ensuring the legality and smooth transfer of ownership. Below are some common forms often used alongside the State 20070 form.
- Certificate of Title: This document serves as proof of ownership for a vehicle. It contains vital information such as the vehicle identification number (VIN), the owner's details, and any liens on the vehicle. A clear title is necessary for a successful transfer.
- Bill of Sale: A bill of sale is a legal document that outlines the details of the sale, including the purchase price and the parties involved. This document can help protect both the buyer and seller by providing evidence of the transaction.
- Odometer Disclosure Statement: This statement is often required during the sale of a vehicle to confirm the mileage at the time of transfer. It helps prevent fraud by ensuring that the odometer reading is accurate and discloses any discrepancies.
- Application for Title: This form is submitted to the Department of Motor Vehicles (DMV) to officially register the vehicle in the new owner's name. It may require details from the previous title and other identifying information about the vehicle.
- Power of Attorney: In some cases, a seller may not be able to complete the transaction in person. A power of attorney allows another individual to act on their behalf, signing documents and completing the sale process.
Understanding these documents and their purposes can help facilitate a smoother transaction process. Always ensure that all necessary paperwork is completed accurately to avoid any future complications. Being informed is key to making confident and secure decisions in vehicle ownership transfers.
Similar forms
The State Form 20070 is similar to the Vehicle Title Application form. Both documents are essential for transferring ownership of a vehicle. The Vehicle Title Application serves as a request for a new title after ownership changes, while the State Form 20070 specifically facilitates the reassignment of a vehicle title by a registered dealer. Each document requires detailed information about the vehicle, the seller, and the buyer, ensuring that all parties are aware of their rights and obligations during the transfer process.
Another document akin to the State Form 20070 is the Bill of Sale. This document acts as proof of the transaction between the seller and buyer. While the State Form 20070 focuses on the reassignment of the title, the Bill of Sale captures the details of the sale, including the selling price and date. Both documents provide essential information that helps protect the interests of both parties involved in the transaction.
The Odometer Disclosure Statement is also comparable to the State Form 20070. This form is required when a vehicle changes hands to verify the odometer reading. The State Form 20070 includes an odometer statement section, ensuring that the mileage is accurately reported at the time of sale. Both documents are crucial for preventing fraud and ensuring compliance with federal and state laws regarding vehicle ownership transfers.
Similar to the State Form 20070 is the Application for Duplicate Title. This form is used when a title is lost or damaged and needs to be replaced. While the State Form 20070 addresses the reassignment of ownership, the Duplicate Title Application focuses on restoring the title to its rightful owner. Both documents require information about the vehicle and the current owner, ensuring a clear chain of ownership.
The Lien Release form is another document that shares similarities with the State Form 20070. When a vehicle is sold, any existing liens must be cleared to ensure the buyer receives a clean title. The State Form 20070 requires the seller to disclose any liens, while the Lien Release formally indicates that the lienholder has relinquished their claim. Both documents work together to ensure that the buyer can obtain a clear title without encumbrances.
Finally, the Certificate of Origin is comparable to the State Form 20070 in that it is used in the initial sale of a vehicle. This document is typically issued by the manufacturer and serves as proof of the vehicle's origin. While the State Form 20070 is used for reassignment, the Certificate of Origin is essential for first-time registrations. Both documents are necessary for establishing legal ownership and ensuring compliance with state regulations.
Dos and Don'ts
When filling out the State Form 20070, it is important to follow certain guidelines to ensure your submission is correct and accepted. Below is a list of things you should and shouldn't do.
- Do complete the form in blue or black ink or print it clearly.
- Do use this form only with titles that have fewer than three dealer reassignments.
- Do ensure all required fields are filled out accurately, including the vehicle identification number and dealer information.
- Do sign the form where indicated, both as the dealer and the purchaser.
- Don't include this form with any Indiana title printed after September 1989.
- Don't submit this form if there is a usable reassignment available on the title.
By adhering to these guidelines, you will help facilitate a smoother transaction process. If you have any questions, consider reaching out to a local expert for assistance.
Misconceptions
Misconceptions about the State Form 20070 can lead to confusion and errors in vehicle reassignment. Below are seven common misconceptions clarified for better understanding.
- This form can be used for any vehicle title. This is incorrect. The form can only be used with an Indiana or out-of-state title that does not have three dealer reassignments.
- All titles are eligible for reassignment using this form. Not true. Titles printed after September 1989 and those with specific restrictions cannot use this form.
- The Indiana BMV guarantees acceptance of this form in other states. This is a misconception. The Indiana BMV does not guarantee that the form will be accepted by titling agencies in other jurisdictions.
- The form can replace a skipped reassignment. This is false. The form cannot be used for titles that have a usable reassignment available or for replacing a skipped reassignment.
- Odometer statements are optional. This is misleading. Federal and state law requires that the mileage be stated upon transfer of ownership. Failing to do so may result in penalties.
- Only the dealer needs to sign the form. This is incorrect. Both the dealer and the purchaser must sign the form to affirm that the information is correct.
- The selling price is not necessary on the form. This is a misconception. The selling price must be included on the form as part of the transaction details.
Key takeaways
When filling out and using the State Form 20070, there are several important points to consider. The following key takeaways can help ensure proper completion and usage of the form:
- Ink Color: Complete the form using blue or black ink, or print it clearly.
- Eligible Titles: The form can be used with Indiana or out-of-state titles that do not have three dealer reassignments.
- Ineligible Transactions: This form cannot be included with certain transactions, including Indiana titles printed after September 1989 or those with specific restrictions on reassignments.
- Acceptance Not Guaranteed: The Indiana Bureau of Motor Vehicles does not guarantee acceptance of this form by titling agencies in other jurisdictions.
- Odometer Statement: Federal and state laws require the odometer reading to be stated upon transfer of ownership, with penalties for inaccuracies.
- Certification Requirement: Both the dealer and purchaser must sign the form, affirming that the information provided is accurate.
- Liens and Security Interests: The dealer must disclose any liens or security interests related to the vehicle at the time of sale.
- Completeness: Ensure all sections of the form are filled out completely to avoid delays in processing.