Content Overview
The State Form 20070, also known as the Reassignment of a Vehicle by a Registered Dealer, serves a critical function in the vehicle transfer process within Indiana. This form is specifically designed for registered dealers to facilitate the reassignment of vehicles, whether they possess an Indiana title or an out-of-state title that meets certain criteria. Notably, the form cannot be utilized with titles that have already undergone three dealer reassignments or those that explicitly state “No Additional Dealer Reassignments.” Additionally, it is important to recognize that the Indiana Bureau of Motor Vehicles (BMV) does not guarantee acceptance of this form by titling agencies in other jurisdictions, which may complicate transactions outside Indiana. The form requires comprehensive details, including the vehicle identification number, year, make, and the names and addresses of both the dealer and the purchaser. An odometer statement is also mandated, ensuring compliance with federal and state laws regarding mileage disclosure upon ownership transfer. This statement carries significant legal implications, as inaccuracies or false statements can lead to severe penalties. Furthermore, the form necessitates signatures from both the dealer and the purchaser, affirming the accuracy of the provided information and acknowledging the legal responsibilities associated with the transaction. Understanding the nuances of the State Form 20070 is essential for anyone involved in vehicle sales, as it not only streamlines the reassignment process but also upholds legal standards within the automotive industry.
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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)
Form Specifications
| Fact Name | Details |
|---|---|
| Form Purpose | This form is used for the reassignment of a vehicle by a registered dealer in Indiana. |
| Governing Law | Indiana Code Title 9, Article 17 governs vehicle titling and registration. |
| Ink Requirement | Complete the form using blue or black ink or print it out. |
| Title Limitations | This form cannot be used with certain titles, including Indiana titles printed after September 1989. |
| Odometer Statement | Federal and State law mandates the disclosure of the vehicle's mileage upon transfer of ownership. |
| Liability Warning | Providing false information on the form may lead to fines or imprisonment. |
| Signature Requirement | The form must be signed by both the dealer and the purchaser to be valid. |
| BMV Acceptance | The Indiana Bureau of Motor Vehicles does not guarantee acceptance of this form by other jurisdictions. |
State 20070: Usage Guidelines
Filling out the State Form 20070 is a straightforward process. This form is used for the reassignment of a vehicle by a registered dealer in Indiana. After completing the form, it must be signed by both the dealer and the purchaser to ensure that all information is accurate and legally binding.
- Use blue or black ink to complete the form or print it clearly.
- Verify that the vehicle title you are using does not have three dealer reassignments. This form is valid for Indiana or out-of-state titles without this limitation.
- Ensure your transaction does not involve any titles printed after September 1989, a certificate of origin, titles with three dealer reassignments, titles with usable reassignments, titles for replacing skipped reassignments, or Certificate of Salvage Vehicle titles.
- In Section 1, fill in the Vehicle Identification Number, Vehicle Year, and Vehicle Make.
- Provide the dealer's name, dealer number, and business address, including city, state, and ZIP code.
- Enter the date of sale in the format mm/dd/yyyy and the selling price of the vehicle.
- List the name of the purchaser(s) in the format last, first, middle initial or company name.
- Fill in the purchaser's address, including number and street, city, state, and ZIP code.
- If applicable, include the name of the lienholder. If there is no lienholder, write “None.”
- Provide the lienholder's mailing address, including number and street, city, state, and ZIP code.
- Complete the ODOMETER STATEMENT by stating the mileage upon transfer of ownership. Select the appropriate statement regarding the odometer reading.
- In Section 2, both the dealer representative and the purchaser must sign and date the form, confirming the accuracy of the information provided.
Your Questions, Answered
What is the purpose of the State Form 20070?
The State Form 20070 is used for the reassignment of a vehicle by a registered dealer in Indiana. This form facilitates the transfer of ownership from the dealer to the purchaser and includes necessary details about the vehicle, the dealer, and the purchaser.
Who can use the State Form 20070?
This form can only be completed by registered dealers in Indiana. It is applicable for vehicles that have either an Indiana title or an out-of-state title, provided that the title does not have three dealer reassignments.
What types of titles are not eligible for use with this form?
The State Form 20070 cannot be used with several types of titles. These include any Indiana title printed after September 1989, certificates of origin, out-of-state titles with three dealer reassignments, titles stating “No Additional Dealer Reassignments,” titles with usable reassignments, titles meant to replace skipped reassignments, and Certificate of Salvage Vehicle titles.
What information is required to complete the form?
To complete the form, the dealer must provide the vehicle identification number, year, make, and details about the sale. This includes the dealer’s name, dealer number, business address, date of sale, selling price, purchaser’s name and address, and any lienholder information. An odometer statement must also be included, certifying the mileage at the time of transfer.
What is the significance of the odometer statement?
The odometer statement is crucial as it requires the dealer to certify the vehicle's mileage at the time of ownership transfer. Providing false information can lead to serious legal consequences, including fines or imprisonment. The statement also allows for the disclosure of any discrepancies regarding the odometer reading.
What should I do if there is a lien on the vehicle?
If there is a lien on the vehicle, the dealer must include the name and mailing address of the lienholder on the form. If there is no lienholder, the dealer should simply write “None” in the designated space.
Is there a guarantee that the form will be accepted in other jurisdictions?
No, the Indiana Bureau of Motor Vehicles does not guarantee that the State Form 20070 will be accepted by titling agencies in other jurisdictions. Dealers and purchasers should verify the requirements of the relevant jurisdictions before completing the transfer.
What happens if the form is filled out incorrectly?
If the form is filled out incorrectly, it may lead to delays in the transfer process or rejection by the titling agency. It is essential to ensure that all information is accurate and complete before submission to avoid complications.
What should both parties do after completing the form?
Both the dealer and the purchaser must sign the form to affirm that the information provided is correct. Each party should retain a copy of the completed form for their records, as it serves as proof of the transaction.
Common mistakes
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Using Incorrect Ink: The form must be completed in blue or black ink. Using other colors can lead to rejection of the form.
-
Ineligible Titles: Individuals often submit this form with titles that do not meet the criteria. For instance, titles printed after September 1989 or those with three dealer reassignments are not acceptable.
-
Incomplete Information: Failing to fill out all required fields, such as the vehicle identification number or purchaser's address, can result in delays or rejections.
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Odometer Statement Errors: Providing inaccurate odometer readings or failing to check the appropriate statements can lead to serious legal consequences.
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Missing Signatures: Both the dealer and purchaser must sign the form. Omitting one of these signatures will invalidate the submission.
Documents used along the form
When dealing with vehicle transactions, several forms and documents are often used alongside the State Form 20070. These documents help ensure that the transfer of ownership is clear and legally binding. Below is a list of some commonly associated documents.
- Certificate of Title: This document proves ownership of the vehicle. It contains important information such as the vehicle identification number (VIN), make, model, and year. The title must be signed over to the new owner during the sale.
- Bill of Sale: This is a written agreement between the buyer and seller that outlines the details of the sale, including the purchase price and vehicle description. It serves as proof of the transaction and can be important for tax purposes.
- Odometer Disclosure Statement: This statement is required by federal and state law to disclose the vehicle's mileage at the time of sale. It helps prevent odometer fraud and must be signed by both the seller and buyer.
- Application for Title: After purchasing a vehicle, the new owner typically needs to fill out an application for a new title. This document is submitted to the relevant state agency to officially register the new owner.
- Power of Attorney: In some cases, a seller may authorize another person to sign documents on their behalf. This document grants that authority and must be completed before the sale takes place.
- Lien Release Form: If there is an outstanding loan on the vehicle, the lender must provide a lien release form. This document confirms that the loan has been paid off and that the lender no longer has a claim on the vehicle.
Understanding these forms can help streamline the vehicle transfer process. It is essential to ensure that all necessary documents are completed accurately to avoid complications in ownership transfer.
Similar forms
- State Form 20071: This form is used for the transfer of ownership of a vehicle by a private seller. It requires similar information, including vehicle identification details and buyer information.
- State Form 20072: This document is for the assignment of a vehicle title when a vehicle is sold at auction. It includes sections for the auctioneer and purchaser, resembling the structure of the State 20070 form.
- State Form 20073: This form is utilized for the transfer of ownership of a vehicle that has been repossessed. It requires details about the vehicle and the new owner, similar to the reassignment process in State Form 20070.
- State Form 20074: This document serves as a notice of sale for a vehicle. It includes information about the seller, buyer, and vehicle, much like the State 20070 form.
- State Form 20075: This form is used for the transfer of ownership of a vehicle that has been gifted. It requires information about the donor and recipient, paralleling the information needed in the State 20070 form.
- State Form 20076: This form is for the transfer of ownership for vehicles that have been inherited. It includes similar sections for vehicle and owner details as found in the State 20070 form.
- State Form 20077: This document is used for the transfer of ownership for a vehicle that has been repaired or restored. It includes sections for the vehicle's history and new owner, akin to the State 20070 form.
- State Form 20078: This form is for the transfer of ownership of a vehicle that has been donated to a charity. It requires details about the vehicle and the new owner, similar to the reassignment process in State Form 20070.
Dos and Don'ts
When filling out the State Form 20070 for the reassignment of a vehicle by a registered dealer, it is crucial to pay attention to specific guidelines. Here are nine essential dos and don'ts to ensure your form is completed correctly.
- Do use blue or black ink when completing the form or print it out clearly.
- Do ensure the vehicle title does not have three dealer reassignments if you are using an out-of-state title.
- Do provide accurate details about the vehicle, including the Vehicle Identification Number (VIN), year, and make.
- Do include the correct selling price and all relevant information about the purchaser and lienholder.
- Do complete the odometer statement accurately, as this is a legal requirement.
- Don't use this form for any Indiana title printed after September 1989.
- Don't include titles that have a usable reassignment available.
- Don't submit the form if the title is a Certificate of Salvage Vehicle.
- Don't forget to have both the dealer and purchaser sign the affirmation section of the form.
By adhering to these guidelines, you can help ensure that the reassignment process proceeds smoothly and without unnecessary complications.
Misconceptions
Here are five common misconceptions about the State Form 20070:
- This form can be used for any vehicle title. This is incorrect. The State Form 20070 is only applicable for titles that do not have three dealer reassignments and do not fall under specific exclusions.
- Any dealer can complete this form. Not true. Only registered dealers are authorized to fill out and submit this form. It must be completed by a dealer with a valid dealer number.
- This form can replace a skipped reassignment. This is a misconception. The form cannot be used for titles that are intended to replace a skipped reassignment, as outlined in the instructions.
- The Indiana BMV guarantees acceptance of this form in other states. This is misleading. The Indiana Bureau of Motor Vehicles does not guarantee that other jurisdictions will accept the State Form 20070.
- Odometer statements are optional. This is false. Federal and state law requires that the odometer reading be accurately stated upon transfer of ownership. Failing to do so can lead to severe penalties.
Key takeaways
Here are some important points to consider when filling out and using the State Form 20070 for vehicle reassignment:
- Always use blue or black ink when completing the form.
- This form is applicable for both Indiana and out-of-state titles that do not have three dealer reassignments.
- Do not use this form with any Indiana title printed after September 1989.
- It cannot be included with a certificate of origin.
- Out-of-state titles that have three dealer reassignments or state “No Additional Dealer Reassignments” are also excluded.
- Ensure that the title does not have a usable reassignment available before using this form.
- This form is not suitable for titles intended to replace a skipped reassignment.
- Certificates of Salvage Vehicle titles are not eligible for this form.
- The Indiana Bureau of Motor Vehicles does not guarantee acceptance of this form by other jurisdictions.
- Both the dealer and purchaser must sign the form to affirm that the information provided is correct.
Filling out the form accurately is crucial. Any false statements can lead to serious consequences, including fines or imprisonment. Always double-check the information before submission.