Form TD-420-050. Release of Interest/Power of Attorney

Form TD-420-050, also known as the Release of Interest/Power of Attorney form, is provided by the Washington State Department of Licensing. This form serves the purpose of transferring ownership of a vehicle and granting power of attorney to another individual. It is an essential document when a vehicle owner wants to release their interest in a vehicle and authorize someone else to handle legal matters on their behalf.

The form consists of several sections that need to be completed accurately. These sections include the vehicle identification information, the details of the current owner, and the information of the new owner or the appointed power of attorney. It is important to provide correct and up-to-date information to avoid any legal complications or delays in the transfer process.

When filling out the form, the following data will be required:

1. Vehicle Information: This includes the vehicle identification number (VIN), make, model, year, and license plate number.
2. Current Owner Information: The form requires the full legal name, address, city, state, and zip code of the current owner.
3. New Owner/Power of Attorney Information: If the vehicle is being transferred to a new owner, their full legal name, address, city, state, and zip code should be provided. If the form is being used to grant power of attorney, the full legal name, address, city, state, and zip code of the appointed individual should be provided.

Additionally, the form may require additional documents to be attached, depending on the specific circumstances. These additional documents may include a copy of the vehicle title, proof of identification for the current owner, and any necessary power of attorney documents.

Application examples and use cases for this form include:

1. Selling a Vehicle: When selling a vehicle, the current owner can use this form to release their interest in the vehicle and transfer ownership to the buyer.
2. Gifting a Vehicle: If a vehicle is being gifted to another individual, the current owner can use this form to transfer ownership and provide the necessary power of attorney to the recipient.
3. Power of Attorney: In situations where the vehicle owner is unable to handle legal matters themselves, they can use this form to grant power of attorney to a trusted individual who can act on their behalf.

Related forms include the TD-420-001 Vehicle Certificate of Ownership (Title) Application, which is used to apply for a vehicle title, and the TD-420-040 Affidavit of Loss/Release of Interest, which is used when a vehicle title is lost or misplaced.

An alternative to this form is the online vehicle transfer service provided by the Washington State Department of Licensing. This online service allows individuals to complete and submit the transfer of ownership electronically, eliminating the need for a physical form.

Once the form is completed, it can be submitted in person at a local licensing office, by mail to the Department of Licensing, or through the online vehicle transfer service. The submitted form will be stored in the Department of Licensing's database for record-keeping purposes.