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The State Form 20070, known as the Reassignment of a Vehicle by a Registered Dealer, plays a crucial role in the vehicle titling process in Indiana. This form facilitates the transfer of ownership from a dealer to a purchaser, ensuring that all necessary information is accurately recorded. It is essential for registered dealers to complete this form in blue or black ink, or to print it out, as it must accompany either an Indiana or an out-of-state title that has not already undergone three dealer reassignments. However, it is important to note that certain titles, such as those issued after September 1989 or those with a certificate of origin, cannot utilize this form. The document requires detailed entries, including the vehicle's identification number, year, make, and the selling price, along with the names and addresses of both the dealer and the purchaser. Additionally, the form mandates an odometer statement, which certifies the mileage at the time of transfer. This statement serves as a legal affirmation, carrying potential penalties for inaccuracies. Lastly, the form must be signed by both the dealer and the purchaser, confirming that all information provided is correct, thereby emphasizing the importance of honesty in this transaction.
Form Sample
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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)
Document Specifications
| Fact Name | Description |
|---|---|
| Form Title | Reassignment of a Vehicle by a Registered Dealer |
| Form Number | State Form 20070 (R4 / 3 -14) |
| Governing Authority | Indiana Bureau of Motor Vehicles |
| Completion Instructions | Complete in blue or black ink or print the form. |
| Title Compatibility | This form can be used with Indiana or out-of-state titles that have fewer than three dealer reassignments. |
| Exclusions | This form cannot be used with certain titles, including those printed after September 1989 or those with three dealer reassignments. |
| Odometer Statement Requirement | Federal and State law mandates that the mileage upon transfer of ownership be stated. False statements can lead to serious penalties. |
| Affirmation Section | Both the dealer and purchaser must sign to affirm that the information provided is accurate. |
| Potential Consequences | Providing false information may result in fines, imprisonment, or both. |
Steps to Filling Out State 20070
Filling out the State Form 20070 is a straightforward process that requires attention to detail. This form is essential for transferring vehicle ownership between a registered dealer and a purchaser. Once completed, the form must be submitted to the appropriate titling agency, ensuring all necessary information is accurately provided.
- Begin by using blue or black ink, or print the form clearly.
- In Section 1, enter the Vehicle Identification Number (VIN), Vehicle Year, and Vehicle Make.
- Fill in the dealer's information, including Name of Dealer, Dealer Number, and Dealer Business Address (number and street, city, state, ZIP code).
- Provide the Date of Sale in the format mm/dd/yyyy.
- Indicate the Selling Price of the vehicle.
- List the Name of Purchaser(s) (last, first, middle initial or company name).
- Complete the Purchaser Address (number and street, city, state, ZIP code).
- If applicable, include the Name of Lienholder. If there is no lienholder, write “None.”
- Provide the Lienholder Mailing Address (number and street, city, ZIP code).
- In the Odometer Statement section, state the mileage upon transfer. Choose one of the following options:
- Indicate the actual mileage.
- Check the box if the odometer reading reflects mileage in excess of mechanical limits.
- Check the box if the odometer reading is NOT the actual mileage.
- In Section 2, both the dealer and purchaser must sign to affirm that the information provided is correct. The dealer representative should sign, print their name, indicate their position, and date the signature (mm/dd/yyyy).
- The purchaser must also sign, print their name, and date their signature (mm/dd/yyyy).
More About State 20070
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. It allows dealers to sell, assign, transfer, and convey ownership of a vehicle. This form is essential when a dealer is transferring a vehicle title that may not have enough dealer reassignments on the original title. It ensures that the process complies with state regulations and provides necessary information about the vehicle and the transaction.
Who can complete the State Form 20070?
Only registered dealers are authorized to complete this form. It requires specific details about the vehicle, such as the Vehicle Identification Number (VIN), year, and make. The dealer must also provide their information, including their name, dealer number, and business address. The form must be filled out accurately to ensure a smooth transfer of ownership.
Are there any restrictions on using the State Form 20070?
Yes, there are several restrictions. The form cannot be used with any Indiana title printed after September 1989, a certificate of origin, or any out-of-state title that has three dealer reassignments. Additionally, it cannot be used if the title has a usable reassignment available or for replacing a skipped reassignment. This means that dealers need to be careful and ensure they meet the criteria before using this form.
What happens if I provide incorrect information on the form?
Providing incorrect information on the State Form 20070 can lead to serious consequences. If the information is found to be false, it may result in fines, imprisonment, or both. It is crucial to ensure that all details, especially regarding the odometer reading, are accurate. Both the dealer and the purchaser must sign the form, affirming that the information is correct, which emphasizes the importance of honesty in this process.
Common mistakes
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Using Incorrect Ink or Print: Individuals often overlook the instruction to complete the form in blue or black ink. Using other colors can lead to rejection of the form by the Indiana Bureau of Motor Vehicles.
-
Ineligible Titles: Many people mistakenly include this form with titles that are not eligible for reassignment. For instance, titles printed after September 1989 or those with three dealer reassignments cannot use this form.
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Odometer Statement Errors: Failing to accurately complete the odometer statement is a common mistake. Providing false information can result in serious legal consequences, including fines or imprisonment.
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Missing Signatures: It is essential that both the dealer and the purchaser sign the form. Omitting signatures can delay the processing of the vehicle reassignment and may require resubmission of the form.
Documents used along the form
The State Form 20070 is essential for the reassignment of a vehicle by a registered dealer in Indiana. However, several other forms and documents are often used in conjunction with this form to ensure proper vehicle title transfer and compliance with state regulations. Below is a list of these documents, each with a brief description.
- Indiana Title Application: This form is used to apply for a new title for a vehicle. It is typically required when a vehicle is purchased or when a title is lost or damaged.
- Certificate of Title: This document serves as proof of ownership for a vehicle. It includes details such as the Vehicle Identification Number (VIN), make, model, and the owner's information.
- Bill of Sale: A bill of sale provides a record of the transaction between the buyer and seller. It includes details like the selling price, date of sale, and vehicle information.
- Odometer Disclosure Statement: This statement is required to disclose the vehicle's mileage at the time of sale. It helps prevent fraud related to odometer tampering.
- Power of Attorney: This document allows one person to act on behalf of another in matters related to the vehicle's title transfer, which can be useful if the owner cannot be present.
- Lien Release Form: If there is a lien on the vehicle, this form is necessary to show that the debt has been paid and that the lienholder no longer has an interest in the vehicle.
- Salvage Title Application: This form is used when a vehicle has been declared a total loss by an insurance company. It is necessary to apply for a salvage title before the vehicle can be repaired and retitled.
- Affidavit of Heirship: In cases where a vehicle is inherited, this affidavit can help establish the rightful ownership of the vehicle without a formal title transfer.
- Vehicle Registration Application: This document is required to register a vehicle with the state. It must be submitted along with the title to obtain license plates and legal driving privileges.
Using these forms alongside the State Form 20070 can streamline the vehicle transfer process and ensure compliance with Indiana's vehicle laws. Proper documentation is crucial for both buyers and sellers to protect their interests and facilitate a smooth transaction.
Similar forms
The State 20070 form, which facilitates the reassignment of a vehicle by a registered dealer in Indiana, shares similarities with the Vehicle Title Application (Form BMV 3774). Both documents are essential in the vehicle registration process. The Vehicle Title Application is used to apply for a new title, while the State 20070 form specifically addresses the reassignment of ownership. Each form requires detailed information about the vehicle, including the Vehicle Identification Number (VIN), and both must be completed accurately to ensure compliance with state regulations. Additionally, both forms involve the signatures of the dealer and purchaser, affirming the accuracy of the information provided.
Another document akin to the State 20070 form is the Bill of Sale. This document serves as proof of the transaction between the buyer and seller. Like the State 20070 form, a Bill of Sale includes vital details such as the vehicle's description, the selling price, and the names of both parties involved. While the State 20070 is primarily focused on the reassignment process, the Bill of Sale is a broader document that can be used in various transactions, not limited to vehicle sales. Both documents play a crucial role in establishing ownership and ensuring that the transfer of the vehicle is legally recognized.
The Manufacturer's Certificate of Origin (MCO) is another document that bears resemblance to the State 20070 form. The MCO is issued by the manufacturer when a vehicle is first sold and provides proof of ownership before the vehicle is registered. Similar to the State 20070 form, the MCO contains essential information about the vehicle, including the VIN and the manufacturer's details. While the State 20070 is used for reassignment by dealers, the MCO is typically used for initial registration, making both documents integral to the vehicle's lifecycle.
The Application for Duplicate Title (Form BMV 3782) also shares similarities with the State 20070 form. This form is utilized when a vehicle's title is lost or damaged, allowing the owner to request a duplicate. Both forms require detailed vehicle information and the signatures of the involved parties. However, while the State 20070 form is about transferring ownership, the Application for Duplicate Title focuses on restoring title ownership to the current owner. Both documents ensure that the ownership records are accurate and up to date.
The Odometer Disclosure Statement is another document that aligns with the State 20070 form. This statement is required during the sale of a vehicle to disclose the mileage at the time of transfer. Like the odometer section in the State 20070 form, this document aims to prevent fraud by ensuring that buyers are aware of the vehicle's mileage. Both forms emphasize the importance of accurate odometer readings and include penalties for providing false information, reinforcing the legal obligations of the seller.
Additionally, the Vehicle Transfer Notification (Form BMV 5785) is similar to the State 20070 form in that it serves to inform the state of a change in vehicle ownership. This form is typically filed by the seller after the sale to notify the Bureau of Motor Vehicles of the transfer. Both documents require the seller's information and details about the vehicle, ensuring that the state records are updated promptly. While the State 20070 form is used to facilitate the transfer, the Vehicle Transfer Notification acts as a formal notice to the state, highlighting the interconnectedness of these processes.
Lastly, the Affidavit of Ownership (Form BMV 3779) is another document that has similarities with the State 20070 form. This affidavit is used when an individual claims ownership of a vehicle without a title. Both documents require the individual to provide information about the vehicle and affirm their ownership. While the State 20070 form is used for reassignment by dealers, the Affidavit of Ownership is typically used by individuals in situations where the title is unavailable. Both documents are crucial in establishing legal ownership and ensuring proper vehicle registration.
Dos and Don'ts
When filling out the State Form 20070, it is crucial to follow specific guidelines to ensure the process goes smoothly. Below is a list of dos and don'ts to consider:
- Do complete the form in blue or black ink or print it clearly.
- Do use this form with an Indiana or out-of-state title that has fewer than three dealer reassignments.
- Do provide accurate information regarding the vehicle's identification number, year, and make.
- Do include the correct selling price and date of sale.
- Do ensure both the dealer and purchaser sign the affirmation section of the form.
- Don't use this form for any Indiana title printed after September 1989.
- Don't include a certificate of origin or any out-of-state title with three dealer reassignments.
- Don't submit titles that have a usable reassignment available.
- Don't attempt to replace a skipped reassignment using this form.
- Don't forget that the Indiana BMV does not guarantee acceptance of this form by other jurisdictions.
By adhering to these guidelines, you can help ensure that the reassignment process is efficient and compliant with regulations.
Misconceptions
Misconceptions about the State Form 20070 can lead to confusion during vehicle transactions. Here are five common misunderstandings:
- This form can be used for any vehicle title. Many believe the State Form 20070 applies to all vehicle titles. However, it is only valid for Indiana or out-of-state titles that do not have three dealer reassignments.
- The form is accepted for any Indiana title. Some assume that any Indiana title can use this form. In reality, it cannot be included with titles printed after September 1989 or those with specific restrictions.
- All dealer reassignments are valid with this form. It’s a common myth that this form can accommodate any dealer reassignment. This is false; it cannot be used with titles that already have three dealer reassignments or those stating “No Additional Dealer Reassignments.”
- The Indiana BMV guarantees acceptance of this form. Many people think that using this form ensures acceptance by other titling agencies. The truth is, the Indiana BMV does not guarantee that other jurisdictions will accept it.
- Odometer statements are optional. Some individuals believe that completing the odometer statement is not necessary. However, federal and state law requires accurate mileage disclosure, and failing to do so can lead to serious penalties.
Key takeaways
Here are key takeaways for filling out and using the State Form 20070:
- Use the correct ink: Complete the form using blue or black ink, or print it out.
- Eligible titles: This form is applicable for Indiana or out-of-state titles without three dealer reassignments.
- Ineligible titles: Do not use this form for titles printed after September 1989, certificates of origin, titles with three dealer reassignments, or titles with usable reassignments.
- No guarantees: The Indiana Bureau of Motor Vehicles does not guarantee acceptance of this form by titling agencies in other jurisdictions.
- Odometer statement: Accurately report the odometer reading. Incorrect information may lead to legal consequences.
- Signatures required: Both the dealer and the purchaser must sign the form to affirm that the information is correct.