These requirements are set by the local and state governments. Though a Certificate of Authority isn’t necessary for every private exchange, it is required for certain purchases. Most attempts of fraud or misconduct will be mitigated by having this official witness. This ensures that the seller gets paid and the buyer gets the merchandise. This means the contract of the sale is set in stone and a record is kept with the local notary’s office.
A public notary acts as a witness to the transaction and places an official seal over the terms of the bill of sale. The first and most important reason to have a bill of sale notarized is to prevent fraud. It Protects the Seller and Buyer Against Fraudulent Sales So why is it so important to notarize a bill of sale? Below, we give you three key reasons why: 1. And while notarizing a bill of sale isn’t always required by local, state and federal laws, it is strongly recommended. The most common is for motor vehicles, but it can also be used for transferring ownership of trailers, firearms, businesses, equipment, and just about anything else of value. Why Is It Important to Notarize a Bill of Sale?Ī bill of sale document is used for all sorts of private purchases and transactions. A copy should be given to each party for their records. The form is complete when it has been filled in with a description of the property being sold and signed by the buyer and seller in the witness of the notary public. This designation is provided by every State and when a Notary signs a document, it becomes legally witnessed. A notarized bill of sale form is a document that allows and records the legal transfer of any type of personal property (vehicle, boat, etc.).
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