Oregon DMV Form 735-0501. Vehicle Bill of Sale
Oregon DMV Form 735-0501, the "Vehicle Bill of Sale," is a legal document provided by the Oregon Department of Transportation, Driver and Motor Vehicle Services. This form is used in the sale or transfer of a motor vehicle within the state of Oregon.
Purpose:
The purpose of this form is to record the sale or transfer of a motor vehicle in Oregon. It serves as a legally binding document that outlines the details of the transaction, including the identification of the vehicle, the parties involved (buyer and seller), and the date of the purchase.
Usage Case:
The Oregon DMV Form 735-0501 is typically used in the following circumstances:
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When an individual or business sells a motor vehicle in Oregon to another party.
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When ownership of a motor vehicle is transferred from the seller to the buyer.
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To meet legal and regulatory requirements for documenting vehicle sales and transfers.
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To notify the Oregon DMV of the sale or transfer within the required time frame.
Structure:
The Vehicle Bill of Sale form is structured as follows:
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DEPARTMENT OF TRANSPORTATION, DRIVER AND MOTOR VEHICLE SERVICES: This section provides the contact information of the Oregon DMV, including the address in Salem, Oregon.
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PLATE NUMBER, YEAR, MAKE: The form includes a section for the description of the vehicle, including its plate number, year, and make.
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VEHICLE DESCRIPTION: This section allows for a more detailed description of the vehicle.
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VEHICLE IDENTIFICATION NUMBER: The unique Vehicle Identification Number (VIN) of the vehicle is entered, along with the Title Number.
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BUYER'S INFORMATION: This section is for the buyer's details, including their printed name (last, first, middle), the date of purchase, and the buyer's address.
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SELLER'S INFORMATION: The seller's details are provided here, including the seller's printed name and the seller's signature (if the seller is a business, the authorized representative must sign). The seller's address is also included.
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DATE OF RELEASE: Both the buyer and seller must sign and date this section to confirm the transfer of ownership.
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SELLER: The seller's responsibilities and the requirement to notify the DMV of the sale within ten days are outlined in this section.
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BUYER: The section informs the buyer of the importance of applying for a title within 30 days from the date of purchase to avoid late title transfer fees.
Additional Notes:
- Use only blue or black ink to complete the form.
- Do not use correction fluid or strike through any names.
- The seller's signature must be original; photocopies are not acceptable.
This form is essential in documenting the transfer of a vehicle's ownership, ensuring that the Oregon DMV has accurate records of vehicle ownership, and meeting legal requirements for both buyers and sellers in the state of Oregon.