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 Dealer Title Affidavit 2016

Title Affidavit Indiana 2016-2025 Form

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What is the Dealer Title Affidavit

The Dealer Title Affidavit is a legal document used in Indiana, primarily by automotive dealers, to affirm the ownership of a vehicle when the original title is unavailable. This affidavit serves as a declaration that the dealer has the right to sell the vehicle and provides a means to apply for a new title. It is essential for ensuring that the sale is legitimate and protects both the dealer and the buyer.

How to Use the Dealer Title Affidavit

To use the Dealer Title Affidavit, a dealer must complete the form accurately, providing necessary details such as the vehicle identification number (VIN), make, model, and year of the vehicle. The dealer must also include their business information and any previous title details if available. Once completed, the affidavit should be submitted to the Indiana Bureau of Motor Vehicles (BMV) along with any required fees to obtain a new title.

Steps to Complete the Dealer Title Affidavit

Completing the Dealer Title Affidavit involves several key steps:

  1. Gather all relevant vehicle information, including VIN, make, model, and year.
  2. Provide your dealership's name, address, and contact information.
  3. Fill out the affidavit, ensuring all sections are completed accurately.
  4. Sign and date the affidavit, certifying the information is true.
  5. Submit the completed affidavit to the Indiana BMV along with any applicable fees.

Legal Use of the Dealer Title Affidavit

The Dealer Title Affidavit is legally recognized in Indiana and is essential for dealers who need to transfer ownership of vehicles without an existing title. It protects the interests of both the dealer and the buyer by providing a formal declaration of ownership. Using this affidavit correctly ensures compliance with state laws and helps prevent potential legal issues related to vehicle ownership.

Required Documents

When submitting the Dealer Title Affidavit, dealers must provide several supporting documents, including:

  • Proof of identity, such as a driver's license or business identification.
  • Any previous title documents, if available.
  • Payment for the title transfer fee.
  • Additional documentation that may be required by the BMV.

State-Specific Rules for the Dealer Title Affidavit

Indiana has specific regulations governing the use of the Dealer Title Affidavit. Dealers must adhere to these rules to ensure compliance. This includes understanding the circumstances under which the affidavit can be used, the required information that must be included, and the process for submitting the affidavit to the BMV. Familiarity with these rules helps prevent delays and complications in the title transfer process.

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