Illinois law, requires the owner of a vehicle to complete and sign the Assignment of Title section on the Certificate of Title to the buyer who must. Illinois Compiled Statutes offers the guidelines to satisfy the requirements of the transfer of the ownership. 408 Springfield, IL 62756 www.cyberdriveillinois.com This space for use by Secretary of State. Dealer’s handle the title transfer process so what likely brought you to this page is either buying or selling a vehicle in a private sale. The Illinois bill of sale forms conduct a written transfer for a vehicle, boat, or firearm from one individual/entity to another. You need to prepare form VSD 703.1 and submit to the Secretary of State Vehicle Services Department immediately after selling the vehicle. Provides both the seller and the buyer (borrower) with an itemized list of incoming and outgoing funds. Fill Out The Seller's Report Of Sale - Illinois Online And Print It Out For Free. 2021 ©, Form VSD703.1 "Seller's Report of Sale" - Illinois. The statute provides the form sellers must use to disclose the required information. Illinois requires that an owner submit the state-provided form for a Junked Vehicle (VSD 658), along with a Certificate of Final Disposition (VSD 657), if he/she has the lost the vehicle’s title certificate and plans to send it to a salvage yard. They submit the assigned title with an application for a new title (form VSD 190). Illinois Pressing the PRINT button will only print the current page. TemplateRoller.com will not be liable for loss or damage of any kind incurred as a result of using the information provided on the site. Send a completed Seller's Report of Sale (Form VSD 703) to the IL SOS Vehicle Services Department. The title transfer process in a private sale is quite simple if both parties are present and paperwork ready. As of today, no separate filing guidelines for the form are provided by the issuing department. They also submit the Department of Revenue’s form RUT-50. This form is also known as release of the liability form or notice of the transfer of the ownership. VSD 703.1 or the Illinois Vehicle Sellers Report of Sale is a crucial document for the seller of a motor vehicle in the Illinois State. The form is attached to the bottom of the title. You may need to surrender the vehicle license plate upon submission of the seller’s report of sale. Do it as fast as possible to ensure you are released from the responsibility for the described vehicle and its use; Prepare two copies of the Illinois Vehicle Bill of Sale. Get And Sign Title Switch Affidavit Illinois Secretary Of State 2015-2021 Form . You must prepare a vehicle bill of sale along with preparing form VSD 703.1. Write seller’s name and physical address. For vehicles sold or gifted to new owners in a private sale, a copy of the VSD 703 (Seller’s Report of Sale) signed by the seller and certified by the Secretary of State, is acceptable. Calling it a gift does not make it a gift! All rights reserved. Address to send the duly prepared and signed form VSD 703.1 is, Secretary of State When you sell and/or release interest in a vehicle that is titled and/or registered in the State of Illinois, this form must be immediately. Sample Illinois Vehicle Sellers Report of Sale. If you do not have access to the Internet, call the BBB headquarters at 1-703-276-0100 to file a complaint over the telephone. 2) TO COMPLETE THE SELLER'S REPORT OF SALE FORM BY MAIL: Please print and complete the Seller’s Report of Sale Form VSD-703. Before transferring the plates to another car, be sure to contact the SOS office. You can report online at their website. Estimate The Value Of The Vehicle. § 709.033.) Write the date of the sale on the first line of the form VSD 703.1. Under penalties of perjury, I hereby certify that the foregoing is true and correct under the laws of the United States of America. Make sure to enter the date and time of executing the form. The state will not accept any other bill of sale … 408 completed and mailed to the Secretary of State Vehicle Services Department to ensure that your responsibility for the vehicle is released. In this case, the buyer must file Form RUT-25, Use Tax Transaction Return, and pay any use tax due. Date of Sale __________________________________________________________________________________________________, Vehicle Year______________________Vehicle Make____________________________________________________________________, Vehicle Identification Number (VIN) ________________________________________________________________________________, ______________________________________________________________________________________________, Address of Seller ________________________________________________________________________________________________, ________________________________________________________________________________________________, Address of Buyer ________________________________________________________________________________________________. Important Considerations For You As A Seller Of A Motor Vehicle, How To Write: VSD 703.1 or the Illinois Vehicle Sellers Report of Sale, Free Illinois Vehicle Sellers Report of Sale – PDF Download. Download: Adobe PDF , Microsoft Word (.docx) , Open Document Text (.odt) Junk Vehicle Bill of Sale (Form VSD 658) – Available to validate a sale of a junk vehicle to an individual or salvage business. Fill out Form VSD 703.1, Seller's Report of Sale and mail it to the Secretary of State Vehicle Service Department. Continue by entering the year of manufacturing and make of the motor vehicle. Gun Bill of Sale – Transfer ownership of a firearm after the sale between buyer and seller. May 2013 — 1 — VSD 703.1, TemplateRoller. Then write buyer’s name and the physical address. The date of the sale. Special Bill of Sale. Â Â Â Â Â Â Â Â Â The report required under s. 709.02 shall be in substantially the following form and shall include at least all of the following information: [See USLF form WI-37014] 709.035 Amendments to report. The vehicle by which sellers disclose defects is a form titled the real estate condition report (“condition report”). Download Fillable Form Vsd703.1 In Pdf - The Latest Version Applicable For 2021. Illinois Bill of Sale Requirements. The latest edition provided by the Illinois Secretary of State; Compatible with most PDF-viewing applications. Both forms are available from the Secretary of State. Complete the Notice of Sale form attached to the bottom of the title and mail that in to the IL Secretary of State (SOS). Attach a copy of the bill of sale to this form while submitting it to the Secretary of State. Moreover, it helps you to release your responsibility and liability towards the ownership of the vehicle. Record Inquiry Division Applicable lien release s. Signature of seller s acknowledging incorrect assignment of title for above described vehicle. Your real estate agent is likely to provide you with a blank copy of the "Real Estate Condition Report" form, or you can read the required language in the statute (Wis. Stat. You may choose to attach a copy of the duly signed bill of sale along with form VSD 703.1 while submitting it to the office of the Secretary. Illinois DMV (Cyberdrive Illinois) has a Seller's Report of Sale form VSD 703; So you can see all the states should have a mechanism for you to inform them your car has been sold, which will release you of any liability during the period of time until the buyer transfers the title into their name. How to Transfer a Vehicle Title in Illinois. Form Vsd703.1 Is Often Used In Illinois Vehicle Bill Of Sale, Vehicle Bill Of Sale, Bill Of Sale, Illinois Secretary Of State, Secretary Of State Forms, Illinois Legal Forms, Legal, Business And United States Legal Forms. It’s the buyer’s job to get a new title. However, make sure to complete this form in its entirety and sign to execute it. View up to date information on Illinois’ Covid-19 vaccine plan and vaccination eligibility from the State of Illinois Coronavirus Response Site Toggle navigation It looks like … The title must also have signed and printed names of all the buyers and sellers, certifying the odometer reading as the actual mileage on the car’s odometer. Springfield, IL 62756. Your signature. This form must comprise information about you, vehicle, and the buyer. © 2021 DIYForms.net. Legal Disclamer: The information provided on TemplateRoller.com is for general and educational purposes only and is not a substitute for professional advice. All information is provided in good faith, however, we make no representation or warranty of any kind regarding its accuracy, validity, reliability, or completeness. The Secretary of State, Vehicle Services Department issues VSD 703.1 or the Illinois Vehicle Sellers Report of Sale for a seller of a motor vehicle. A bill of sale is a document recording the sale of property between one person and another. The record might be required by the Illinois Department of Revenue as a way to prove the buy price. ​How to Get a Mortgage - Home Loans, Land Loans, and Refinancing, Form VSD 190, Application for Vehicle Transaction(s), Form REG 262, Vehicle/Vessel Transfer and Reassignment, USCIS Form I-551, Permanent Resident Card, U.S. Department of the Treasury - Internal Revenue Service, Form NR-AF2 "Affidavit of Seller's Gain" - Alabama, Form REV87 1006E "Commercial Vessel Seller's Report of Sale" - Washington, Form GIT-REP-3 "Seller's Residency Certification/Exemption" - New Jersey, Form NR-AF1 "Affidavit of Seller's Residence" - Alabama, Form DPR-ENF-063/064 "Broker's Report of Pesticide Sales in California" - California, Form DPR-ENF-180/181 "Registrant's Report of Pesticide Sales in California" - California, Form DPR-ENF-065/066 "Dealer's Report of Pesticide Sales in California" - California, Form CDTFA-531-G Schedule G "Fuel Seller's Supplement to Sales and Use Tax Return" - California, Form CFS685-1 "Adjudicated Sex Offender / Adult Registry Staffing Checklist" - Illinois, Form RMFT-22 "Common Carrier's Report of Motor Fuel Delivered" - Illinois, Form IL497-0473 "Application for Veteran's Compensation by Living Veteran" - Illinois, Form LLC-1.50 "Affidavit of Compliance for Service on Secretary of State" - Illinois, Form SFT-4 "User-Seller's Special Fuels Tax Return" - Massachusetts, Form GIT/REP-1 "Nonresident Seller's Tax Declaration" - New Jersey, Form AG-1 "Stamping Agent's Monthly Report of Virginia Stamped Cigarettes and Roll-Your-Own Tobacco by Non-participating Manufacturer's Brand Family" - Virginia, Form 1024 "Seller's Report of Sale" - South Dakota, Form GIT/REP-3 "Seller's Residency Certification/Exemption" - New Jersey, Form GIT-REP-1 "Nonresident Seller's Tax Declaration" - New Jersey, Form CFS2030-1 "National Youth in Transition Database Baseline Survey" - Illinois, Form BRA-BB4406.1 "Additional Bystander's Report Information" - Illinois, Identifying Number Value Worksheets With Answers Keys, Worksheets, Practice Sheets & Homework Sheets. Vehicle Services Department If you are an Illinois dealer making a courtesy delivery on behalf of an out-of-state selling dealer, you are not responsible for reporting the sale on your ST-556 return. 501 S. Second St., Rm. ... are made in the condition report (see Wis. Stat. Once signed, the bill of sale becomes a legally binding contract. Illinois Compiled Statutes offers the guidelines to satisfy the requirements of the transfer of the ownership. Odometer Disclosure Statement (VSD 333.4) – Required when transferring the title of a motor vehicle to verify the odometer mileage and that it has not been tampered with (Federal and State law). ACCESS FORM. then apply to the Vehicle Services Department. This form is also known as notice of transfer of the ownership. Click on the name of your county and enter your zip code. Download a fillable version of Form VSD703.1 by clicking the link below or browse more documents and templates provided by the Illinois Secretary of State. ______________________________________________________________________, Printed by authority of the State of Illinois. 1986 HUD-1 Form; Standard, government-issued form, used by the settlement (closing) agent. However, both the name and the address of the buyer must match with the name and the address on the bill of sale. Completion of this form does not satisfy the transfer of ownership requirements set forth in the Illinois Compiled Statutes. This date and time must be same as it appears on the vehicle bill of sale. Quickly access top tasks for frequently downloaded VA forms. In Illinois, there is no official bill of sale, so you can make your own. Form RUT-50 must be filed by a person or business titling a motor vehicle in Illinois when the person or business: purchased or acquired a motor vehicle by gift or transfer from a private party either within or outside Illinois; or moved into Illinois with a motor vehicle he or she owns that was originally purchased or acquired by gift or transfer from a private party. It's legal proof that substantiates the simple fact of the purchase and also protects the lawful interests of the, owner and the client. Nevertheless, preparing and submitting form VSD 703.1 is not enough. Keep a copy of the form for your record. Once the document is signed with all the details of the transaction inputted, the form becomes a legally enforceable contract. Seller’s Report of Sale Secretary of State Vehicle Services Department Record Inquiry Section 501 S. Second St., Rm. All Rights Reserved. In addition, the seller requires signing assignment of the title portion of the certificate of the title and the buyer requires applying to Vehicle Services Department transfer and registration. An Illinois Vehicle Bill of Sale can be an record used through the selling of an vehicle as a way to record the specifics of the trade. Florida Statute Section 720.401 (§718.503 for condominiums) provides that a prospective purchaser of a property must be presented with a homeowners' association Disclosure Summary before executing the contract of sale. Submit a completed Seller’s Report of Sale, Form VSD 703 to the Illinois SOS Vehicle Services Department. Exchange contact information with the buyer. The form includes a description for each line item, so that a "bottom line" number can be easily identified. You must complete and mail the Notice of Sale form to the Secretary of State’s office. Prepare a bill of sale for the buyer and keep a copy for yourself. The buyer must pay $95 to the Secretary of State, and a tax to the Department of Revenue. If you claim that the sale is a “gift,” you or the purchaser will still be charged taxes for the Fair Market Value of the vehicle. The seller must enter print name and date of execution and then sign the form. Consult with the appropriate professionals before taking any legal action. 2308 Lumpkin Rd, Augusta, GA 30906, United States (706) 793-4249; Search Download the document to your desktop, tablet or smartphone to be able to print it out in full. Click on "Get Consumer Help" at the top of the website, then select "File a Complaint" from the drop-down menu. 709.03 Report form. Obtain the Seller’s Report of Sale form VSD 703 as well as a copy of your title and registration at the Illinois Department of Motor Vehicles. The form should include all aspects of the transaction including the full names of all parties, description of the vehicle being sold, and the purchase price amount. Be sure to take the license plates off of the vehicle, before handing the car over to the buyer. Mail completed Seller’s Report of Sale Form VSD-703 to: Secretary of State Vehicle Services Department Record Inquiry 501 S. Second St., Rm. Make sure that you also fill out a Seller's Report of Sale (Form VSD 703). In Illinois, a bill of sale is not required for title transfers. This is a legal form that was released by the Illinois Secretary of State - a government authority operating within Illinois. Documentation From The Illinois DMV. Of course, you will need to determine how much your car is worth. However, it if highly suggested that you complete one anyway when you are making a vehicle sales transaction. VSD 703.1 or the Illinois Vehicle Sellers Report of Sale is a crucial document for the seller of a motor vehicle in the Illinois State. 408 Springfield, IL 62756 ACCESS FORM. Contact your local Secretary of State’s office for further information on how to obtain this document. Nevertheless, preparing and submitting form VSD 703.1 is not enough. The buyer's name. Illinois Listing: $995 Illinois Bunn Special 60 Hour Pocket Watch 23 Jewels 10K Gold..., Reference number BR-08-27; Condition Very good; Year 1919; Location: United States of America, Many of the questions ask about structural defects, such as in the roof, chimney, foundation, HVAC, wiring, and plumbing systems. How to Get a Building Permit After Buying Land? It should contain the name, address and phone number of both the buyer and seller. Search for VA forms by keyword, form name, or form number.