Form TR-128. Michigan Limited Power of Attorney Appointment of Agent For a Vehicle, Watercraft, or Mobile Home
The TR-128 Appointment of Agent For a Vehicle, Watercraft, or Mobile Home is a legally binding Limited Power of Attorney form issued by the Michigan Department of State. The main purpose of this form is to authorize another person, known as an agent, to act on behalf of the owner of a vehicle, watercraft, or mobile home in certain situations.
This form consists of several important fields that need to be filled out accurately and completely by both the principal (owner) and the agent. These fields include information such as the name and address of the principal and agent, the make and model of the vehicle/watercraft/mobile home, and the specific powers being granted to the agent.
It is important to consider several things when filling out this form, including selecting a trustworthy and reliable agent, ensuring that all information provided is accurate, and signing the form in the presence of a notary public.
When filling out the form, the following data will be required: the name and address of both parties, the vehicle/watercraft/mobile home information, and the specific powers being granted. Additionally, the form must be signed and dated by both parties in the presence of a notary public.
No additional documents need to be attached to the form, although it is recommended that both parties retain a copy for their records.
Some common application examples of this form include appointing an agent to handle the sale of a vehicle, allowing an agent to register or renew registration on behalf of the owner, or authorizing an agent to sign loan or lease documents related to the vehicle.
Strengths of this form include its simplicity and ease of use, while weaknesses may include the potential for abuse if the wrong agent is selected. Opportunities for improvement could include making the form available online for easier access.
One alternative form that may be used in place of the TR-128 is a general power of attorney form, which grants broader powers to the agent. The main difference between the two forms is the scope of the powers being granted.
Overall, the TR-128 Appointment of Agent For a Vehicle, Watercraft, or Mobile Home can have a significant impact on the future of both the owner and the agent, as it grants important legal powers that must be exercised with care and responsibility. The form is typically submitted to the Michigan Department of State for processing and is stored in their records.