How Do I Sign Pennsylvania Banking IOU

PAMD Form 63 - Guarantee of title to buyer - Office of Fair Trading

welcome to the Pennsylvania Association of notaries how to video for transferring a Pennsylvania title a common scenario we hear from our members is I'm just a notary and my boss is upset because I told them I can't notarize a car title so the question is can you as a notary notarize a pennsylvania title you might be surprised but the actual answer is yes yes you can notarize a Pennsylvania title before you do though there are a few things that you need to know pan recommends staying away from PA titles unless you are familiar with the duties and the responsibilities for the completion of the PA title realize that unless you are an authorized PennDOT agent you're an unable to submit the assigned PA title submitting the assigned title requires the necessary forms collecting the fees and taxes and issuing temporary registration these things can only be done by an authorized agent contracted by PennDOT mistakes on the PA title could render the title defaced defacing the title could get you into some hot water with your customer defacing the title would mean your customer would need to apply for a duplicate title which would cost them 53 dollars when performing a title transfer from the seller to the purchaser there are two parts that will need to be completed block a and block D let's first talk about block a there are four steps you will want to follow for the sellers assignment of the title to the purchaser the seller needs to disclose the purchasers or business's name street address city state zip code and purchase price also the den dealer identification number is needed if the purchaser is a dealer the seller will also need to disclose the odometer reading excluding tenths of a mile additional spaces are left empty do not fill in the empty spaces with X's zeros dashes etc make sure one of the blocks under the odometer always checked when necessary the mouch is in excess of the mechanical limits for example the odometer has rolled over or knowledge is not the actual mileage for example odometer tampering odometer is broken or has been replaced the purchaser can sign the right side of block a at a later time but the purchasers information must be filled in when the title is assigned step one is complete let's take a look at step two the seller will sign and hand print their name this needs to be done in the presence of a notary step two is now complete so let's check out step three the sellers signature needs to be notarized or a verification in lieu of notarization could also be done when acceptable placed a notary or den stamped down in blog a step three is now complete let's look at the last step for block a purchasers will sign and hand print their names were indicated the purchasers signature is not notarized in block a step four is complete the seller's assignment of the title to the buyer is now completed now that block a is assigned and completed we can take a look at the second part of the transferring of the PA title which will be block D there are three steps you will want to follow for the buyers application for title and lien information Co purchasers who are not spouses will be listed as tenants and comment on the new title unless they would check this box if they check this box they will be listed as joint tenants with writer survivorship check one of the boxes to indicate whether this lien holder participates in the elt electronic lean program if there is a lien list a lien holders fin financial institution number lien holders name street address city state and zip if there is a second lien follow the same steps from the first lien if there is no lien check both boxes in the king that there are no liens step one is complete now on the step two purchasers will sign where indicated step two is complete last step we need to take a look at is going to be step three purchaser signature needs to be notarized or verified purchaser should only be signing in Section D in the presence of a notary or someone authorized to do a verification in lieu of notarization step three is complete we now have a completed certificate of title remember only authorized contracted PennDOT agents have the required forms that are needed to submit the title transfer to PennDOT for processing a friendly reminder agents you have 20 calendar days to submit your paperwork depend off for processing messengers you have five calendar days don't forget to subscribe to our YouTube channel and click on the bell to receive alerts when new videos are posted Music thank you for checking out the how-to video for transferring a Pennsylvania title