What is State Form 37964 Used For? Understanding Its Purpose

Definition & Meaning of State Form 37964

State Form 37964, also known as the General Affidavit, is a legal document utilized in Indiana to affirm the satisfaction of a vehicle lien. This form is specifically designed for situations where a formal lien release from a financial institution is not available. It is often used when the lienholder is an individual rather than a corporate entity. By completing this affidavit, the vehicle owner provides a sworn statement that the lien has been cleared, which is essential for the title application process.

How to Use State Form 37964

Using State Form 37964 is straightforward but requires careful attention to detail. The form must be filled out accurately to ensure that it serves its purpose effectively. Here are the steps to use the form:

• Obtain the Form: Download or request a physical copy of State Form 37964 from the Indiana Bureau of Motor Vehicles (BMV).
• Complete the Form: Fill in the required information, including the vehicle details and the lienholder's information.
• Sign the Affidavit: The vehicle owner must sign the affidavit in the presence of a notary public to validate the document.
• Submit the Form: Present the completed form to the BMV along with any additional documents required for title application.

How to Obtain State Form 37964

State Form 37964 can be obtained through various means. Here are the primary methods:

• Online: Visit the Indiana BMV website to download the form directly in PDF format.
• In-Person: Visit a local BMV branch to request a physical copy of the form.
• By Mail: Request a copy by contacting the BMV through their official mailing address.

How to Fill Out State Form 37964

Filling out State Form 37964 requires attention to detail to ensure accuracy. The following steps outline the process:

• Identify the Vehicle: Include the vehicle identification number (VIN), make, model, and year.
• Provide Lienholder Information: Fill in the name and address of the lienholder, along with their relationship to the vehicle.
• Affirmation Statement: Clearly state that the lien has been satisfied and include the date of satisfaction.
• Signature and Notarization: Sign the form in front of a notary public to ensure its legal validity.

Key Elements of State Form 37964

Several key elements must be included in State Form 37964 to ensure its effectiveness:

• Vehicle Information: Accurate details about the vehicle are crucial for identification.
• Lienholder Details: Information about the lienholder must be precise to avoid complications.
• Affidavit Statement: A clear statement confirming the lien's satisfaction is essential.
• Signatures: The vehicle owner's signature and notarization are mandatory for the form's acceptance.

Who Typically Uses State Form 37964

State Form 37964 is primarily used by individuals who own vehicles that have had liens against them. This includes:

• Vehicle Owners: Individuals who have paid off their vehicle loans and need to clear the title.
• Notaries: Professionals who notarize the affidavit to ensure its legal standing.
• Financial Institutions: Banks or lending companies may require this form if they do not provide a formal lien release.

Examples of Using State Form 37964

State Form 37964 can be applied in various scenarios. Here are a few examples:

• Private Sale: When selling a vehicle that had a lien, the seller may use this form to confirm the lien's satisfaction to the buyer.
• Title Transfer: If a vehicle owner wishes to transfer the title after paying off a loan, this affidavit is necessary to facilitate the process.
• Inheritance Situations: Heirs may need to use this form if a deceased relative's vehicle had a lien that has been satisfied.

Legal Use of State Form 37964

State Form 37964 serves a significant legal purpose in the context of vehicle ownership and title transfer. Its legal validity hinges on the following:

• Sworn Statement: The affidavit acts as a sworn statement, providing legal assurance that the lien has been cleared.
• Notarization Requirement: The requirement for notarization adds a layer of legal protection, ensuring the authenticity of the document.
• Compliance with State Regulations: This form must be completed in accordance with Indiana state laws to be legally binding.