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Music Applause Music during this video you will learn what information you need to know when buying or selling a vehicle from a private seller the seller of the vehicle is required to complete the certificate of title for vehicle in order to transfer the name on the title the sellers name and lien holder are listed on the front of the title if the lien is listed the lien release portion on a title must be completed if the lien release portion is not completed a lien release letter will be accepted if the title is issued in more than one name all owners listed on the title must sign as the seller if you are signing on behalf of a company you must state your position on the back of the certificate of title under the seller information box the seller must complete signature and printed name of seller date of sale selling price trade in price if any and total price paid the seller will also need to complete the purchaser information box they must complete the name of purchaser and their address information along with the lien holders name and address information if applicable the seller is also responsible for completing the federal odometer statement if the miles for the vehicle are the actual miles no odometer boxes on the title should be checked after the seller has completed the required fields on the form the buyer must sign and print their name in the applicable field we recommend the buyer to check the odometer mileage odometer brand and title of the brand located on the front of the title before signing to ensure all the information and mileage is correct the seller should remove the license plate from the vehicle at the time of the transaction the buyer is responsible for obtaining a new certificate of title registration and license plate they can do this by bringing the completed certificate of title for vehicle along with all other required paperwork to any B&B branch you
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