State-Specific Requirements: Different states have varying requirements for vehicle transfers, including specific documentation, odometer disclosure, and notarization requirements that must be adhered to in the bill of sale
Truth in Mileage Act: Federal law requiring accurate odometer readings and proper disclosure in vehicle transfers to prevent odometer fraud
Federal Odometer Requirements: 49 U.S.C. ?? 32705 mandates written disclosure of vehicle mileage for vehicles less than 10 years old during ownership transfer
UCC Article 2: Uniform Commercial Code provisions governing sale of goods, including transfer of title, warranties, and disclaimers applicable to vehicle sales
DMV Regulations: State-specific Department of Motor Vehicles requirements for vehicle transfers, including title transfer procedures and registration requirements
Tax Requirements: State and local tax obligations, including sales tax requirements and potential tax exemption documentation needed for vehicle transfers
Vehicle Identification: Essential information required in the bill of sale including VIN, make, model, and year of the vehicle
Sale Details: Critical transaction information including sale price, date of sale, and complete buyer and seller information
Odometer Disclosure: Mandatory disclosure of current odometer reading at the time of sale as required by federal and state laws
As-Is Provisions: Disclaimers and warranties regarding the vehicle's condition and the terms under which it is being sold
