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The State Form 20070, officially known as the Reassignment of a Vehicle by a Registered Dealer, serves as an essential document in the vehicle transfer process in Indiana. This form is specifically designed for registered dealers who need to reassign a vehicle's title, allowing for a smooth transition of ownership. It accommodates both Indiana and out-of-state titles that do not already contain three dealer reassignments. However, it is important to note that certain restrictions apply; for instance, this form cannot be used with Indiana titles printed after September 1989, certificates of origin, or titles that have already undergone three dealer reassignments. Additionally, it is not applicable for titles that include a usable reassignment or for salvaged vehicles. The Indiana Bureau of Motor Vehicles emphasizes that while the form facilitates the reassignment process, it does not guarantee acceptance by titling agencies in other jurisdictions. Completing the form requires accurate details, including the vehicle's identification number, year, make, and the dealer's information. Both the dealer and the purchaser must affirm the accuracy of the information provided, particularly regarding the odometer reading, as any discrepancies could lead to serious legal consequences. Understanding the nuances of this form is crucial for dealers and buyers alike to ensure compliance and a hassle-free vehicle transfer experience.
State 20070 Example
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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)
File Breakdown
| Fact Name | Details |
|---|---|
| Form Purpose | This form is used for the reassignment of a vehicle by a registered dealer in Indiana. |
| Eligibility | The form can be used with Indiana or out-of-state titles that have fewer than three dealer reassignments. |
| Restrictions | This form cannot be used with certain titles, including those printed after September 1989 or those with existing reassignments. |
| Odometer Statement | The form requires an odometer statement to confirm the mileage at the time of ownership transfer, per federal and state law. |
| Governing Law | The form is governed by Indiana state law regarding vehicle titling and registration. |
Guide to Using State 20070
Filling out the State Form 20070 is a straightforward process, but it requires attention to detail to ensure accuracy. After completing the form, you will need to submit it to the appropriate titling agency for processing. Be sure to keep a copy for your records.
- Use blue or black ink to complete the form or print it out.
- Verify that the title you are using does not have three dealer reassignments and is not from Indiana printed after September 1989.
- In SECTION 1, fill in the following details:
- Vehicle Identification Number
- Vehicle Year
- Vehicle Make
- Dealer Name
- 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)
- Name of Lienholder (if none, write “None”)
- Lienholder Mailing Address (number and street, city, state, ZIP code)
- Complete the ODOMETER STATEMENT by stating the mileage upon transfer of ownership.
- Check the appropriate box regarding the odometer reading.
- In SECTION 2, both the dealer and purchaser must sign and date the form.
Get Answers on 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. This form facilitates the transfer of ownership from the dealer to the purchaser and ensures that all necessary information regarding the vehicle and the transaction is documented properly.
Who is required to complete this form?
This form must be completed by a registered dealer who is selling, assigning, or transferring a vehicle. The dealer must provide specific details about the vehicle, the transaction, and the purchaser to ensure compliance with state regulations.
What types of titles can be used with the State Form 20070?
The State Form 20070 can be used with both Indiana and out-of-state titles, provided that the title does not have three dealer reassignments. It is essential to ensure that the title meets these criteria before using this form.
What titles cannot be used with this form?
This form cannot be included with transactions involving:
- Any Indiana title printed after September 1989
- A certificate of origin
- Any out-of-state title that has three dealer reassignments or specifically states “No Additional Dealer Reassignments”
- Any title that has a usable reassignment available
- Any title for the purposes of replacing a skipped reassignment
- Certificate of Salvage Vehicle titles
What are the requirements for filling out the form?
The form must be completed in blue or black ink or printed. Accurate and complete information regarding the vehicle, the dealer, and the purchaser must be provided. Additionally, the odometer statement must be filled out to comply with federal and state laws.
What is the odometer statement, and why is it important?
The odometer statement is a required declaration that indicates the vehicle's mileage at the time of ownership transfer. It is crucial because providing false information can result in significant penalties, including fines or imprisonment. The statement ensures transparency and protects both the dealer and the purchaser.
What should I do if there is a lienholder?
If there is a lienholder associated with the vehicle, their name and mailing address must be included on the form. If there is no lienholder, the dealer should write “None” in the appropriate section. This information is important for the transfer of ownership and for any future transactions involving the vehicle.
Is there a guarantee that this 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. It is advisable to check with the relevant agency in the other jurisdiction before proceeding with the transaction.
What happens if false information is provided on the form?
Providing false information on the State Form 20070 can lead to serious legal consequences, including the possibility of charges for perjury. Both the dealer and the purchaser must ensure that all information is accurate and truthful to avoid any legal issues.
What signatures are required on the form?
The form must be signed by both the dealer representative and the purchaser. The dealer representative must affirm that the information is correct, while the purchaser must acknowledge the odometer certification made by the seller. Both signatures are essential for the validity of the transaction.
Common mistakes
Filling out the State Form 20070 can be a straightforward process, but many people make common mistakes that can lead to delays or complications. Understanding these pitfalls can help ensure a smoother transaction. Here are seven mistakes to avoid when completing this important form.
One frequent error is using the wrong ink color. The instructions clearly state that the form must be completed in blue or black ink. Using any other color can result in the form being rejected. A simple choice of pen can save time and frustration.
Another common mistake is overlooking the specific titles that cannot be processed with this form. For instance, if the title has already undergone three dealer reassignments or is a certificate of origin, it cannot be used with the State Form 20070. Failing to check these details can lead to wasted effort and additional paperwork.
Many individuals also forget to provide complete information about the vehicle. Essential details such as the Vehicle Identification Number (VIN), year, and make of the vehicle must be filled out accurately. Omitting any of this information can result in processing delays, as the form may be returned for corrections.
Inaccurate purchaser information is another area where mistakes often occur. Ensure that the name of the purchaser is written in the correct format: last name, first name, and middle initial or company name. Additionally, the address must be complete and accurate. Errors here can complicate the transfer of ownership.
Odometer statements are critical, yet they are often mishandled. It's vital to state the mileage correctly and check the appropriate box regarding the odometer reading. Providing false information can lead to serious legal consequences, including fines or imprisonment.
Signature issues can also derail the process. Both the dealer and the purchaser must sign the form. If either signature is missing, the form will be deemed incomplete. Double-checking signatures can prevent unnecessary delays.
Finally, many people forget to keep a copy of the completed form for their records. This simple step can provide peace of mind and serve as a reference in case any questions arise in the future. Keeping a personal copy ensures that you have all necessary information readily available.
By being aware of these common mistakes, you can navigate the completion of the State Form 20070 with greater confidence. Attention to detail is key, and taking the time to review your work can make a significant difference in the efficiency of your vehicle transfer process.
Documents used along the form
The State Form 20070 is used for the reassignment of a vehicle by a registered dealer in Indiana. When completing a vehicle sale, several other documents may also be necessary to ensure a smooth transaction. Below is a list of commonly used forms that often accompany the State Form 20070.
- Certificate of Title: This document proves ownership of the vehicle. It includes important details such as the Vehicle Identification Number (VIN), make, model, and year. The title must be transferred to the new owner during the sale.
- Odometer Disclosure Statement: This form is required to disclose the vehicle's mileage at the time of sale. It helps prevent fraud by ensuring that the odometer reading is accurate. Both the seller and buyer must sign this document.
- Bill of Sale: This document serves as a receipt for the transaction. It outlines the sale price, date of sale, and details about the vehicle. A bill of sale can provide legal proof of the transfer of ownership.
- Application for Title: If the buyer is registering the vehicle in their name for the first time, they will need to complete this application. It provides the necessary information to the Department of Motor Vehicles (DMV) to issue a new title.
- Liens Release Form: If there is an existing lien on the vehicle, this form is required to show that the lien has been satisfied. It is essential for the buyer to receive a clear title free of any encumbrances.
Having these documents ready can help streamline the vehicle transfer process. Proper preparation ensures that all parties involved have the necessary information and legal protections in place.
Similar forms
- Bill of Sale: This document serves as proof of the sale and transfer of ownership of a vehicle. Like the State Form 20070, it includes details such as the vehicle identification number, sale price, and buyer and seller information.
- Title Transfer Application: Similar to the State Form 20070, this application is required to transfer ownership of a vehicle. It also includes details about the vehicle and parties involved but may require additional documentation based on state regulations.
- Odometer Disclosure Statement: This document is essential for verifying the mileage of a vehicle during the transfer process. It parallels the odometer statement in the State Form 20070, emphasizing the importance of accurate mileage reporting.
- Vehicle Registration Application: This application is used to register a vehicle with the state. Like the State Form 20070, it requires information about the vehicle and its owner, though it may not include details about the sale.
- Power of Attorney for Vehicle Transactions: This document allows one party to act on behalf of another in vehicle-related transactions. It shares similarities with the State Form 20070 in that it requires signatures and may involve the same parties.
- Certificate of Title: The primary document proving ownership of a vehicle. While the State Form 20070 is used for reassignments, the title itself contains ownership details and must be referenced during the transfer process.
- Application for Duplicate Title: This document is used when the original title is lost or damaged. It is similar to the State Form 20070 in that it involves official processing by the state’s motor vehicle department.
- Vehicle History Report: Although not a transfer document, this report provides vital information about a vehicle's past, similar to how the State Form 20070 includes essential details about the vehicle's ownership history.
- Manufacturer's Certificate of Origin (MCO): This document is issued by the manufacturer and is required for the first registration of a vehicle. It is similar in purpose to the State Form 20070, as both facilitate the transfer of ownership.
Dos and Don'ts
When filling out the State Form 20070, there are important dos and don'ts to keep in mind. Here’s a straightforward list to guide you:
- 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 ensure that all required fields are filled out accurately.
- Do include the Vehicle Identification Number (VIN) and the year and make of the vehicle.
- Do sign the form where indicated to affirm the accuracy of the information.
- Don’t use this form for any Indiana title printed after September 1989.
- Don’t include a certificate of origin with this form.
- Don’t attempt to use this form if the out-of-state title has three dealer reassignments or states “No Additional Dealer Reassignments.”
- Don’t submit the form if there is a usable reassignment available on the title.
- Don’t provide false information, as it may lead to serious legal consequences.
Following these guidelines will help ensure a smoother process when completing the form.
Misconceptions
Understanding the State Form 20070 can be challenging, and misconceptions can lead to mistakes in the vehicle reassignment process. Here are nine common misconceptions about this form:
- This form is only for Indiana titles. Many believe that the State Form 20070 is exclusively for Indiana titles. However, it can also be used with out-of-state titles that meet specific criteria.
- Any vehicle can be reassigned using this form. This is not true. The form cannot be used for titles that have three dealer reassignments or those that explicitly state “No Additional Dealer Reassignments.”
- Using blue ink is optional. Some think that the ink color does not matter. In fact, the instructions specify that the form must be completed in blue or black ink.
- It can be used for any type of title. This is a misconception. The form cannot be included with certain titles, such as those printed after September 1989 or Certificate of Salvage Vehicle titles.
- The Indiana BMV guarantees acceptance of this form. Many assume that the Indiana Bureau of Motor Vehicles guarantees that this form will be accepted by other jurisdictions. This is incorrect; acceptance is not guaranteed.
- Odometer statements are optional. Some individuals believe they can skip the odometer statement. In reality, federal and state law requires that the mileage is stated upon the transfer of ownership.
- Only the dealer needs to sign the form. This is misleading. Both the dealer and the purchaser must sign the form to affirm that the information provided is correct.
- It is not a legal document. Some may think that the form lacks legal significance. However, making false statements on this form can lead to serious legal consequences, including fines and imprisonment.
- Filling out the form is straightforward and requires no guidance. While the form may seem simple, it is essential to follow all instructions carefully to avoid complications in the vehicle reassignment process.
Being aware of these misconceptions can help ensure a smoother experience when dealing with vehicle reassignments using State Form 20070.
Key takeaways
Filling out and using the State Form 20070 is an important process for registered dealers in Indiana. Here are key takeaways to consider:
- Use the Correct Ink: Always complete the form using blue or black ink or print it out. This ensures clarity and compliance with the requirements.
- Eligibility of Titles: This form can be utilized with either an Indiana title or an out-of-state title that does not have three dealer reassignments. Ensure your title meets this criterion.
- Exclusions: The form cannot be used for certain transactions, including titles printed after September 1989, certificates of origin, and titles with existing reassignments. Be aware of these limitations.
- Acceptance by Other Jurisdictions: Keep in mind that the Indiana Bureau of Motor Vehicles does not guarantee that this form will be accepted by titling agencies in other states.
- Odometer Statement: It is crucial to accurately report the odometer reading during the transfer of ownership. Misrepresentation can lead to serious legal consequences.
- Signatures Required: Both the dealer and the purchaser must sign the form to affirm the accuracy of the information provided. This step is essential to validate the transaction.
By following these guidelines, dealers can ensure a smoother process when transferring vehicle ownership. Careful attention to detail is key.