Get the free Notification of Ownership Change for Usts

This form is used to notify the South Carolina Department of Environmental Services about changes in ownership of underground storage tanks (USTs) that store or have stored petroleum or hazardous substances. It must be submitted within 30 days of the ownership change to comply with state regulations.

How to fill out notification of ownership change

How to fill out notification of ownership change

1. Obtain the notification of ownership change form from the relevant authority or organization.
2. Fill in your current ownership information, including your name and address.
3. Provide the new owner's details, including their name and address.
4. Include the effective date of the ownership change.
5. Sign the form to validate the information provided.
6. Submit the completed form to the appropriate department or agency.

Who needs notification of ownership change?

1. Property owners who are changing ownership of their property.
2. Real estate agents involved in property transactions.
3. Title companies processing the ownership transfer.
4. Local government agencies that need updated ownership records.

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What is notification of ownership change?

Notification of ownership change is a formal process by which an entity or individual notifies the appropriate regulatory body about a change in the ownership of a business, asset, or property.

Who is required to file notification of ownership change?

Individuals or entities who hold ownership of a business or property and experience a change in ownership, such as a sale, transfer, or inheritance, are typically required to file a notification of ownership change.

How to fill out notification of ownership change?

To fill out a notification of ownership change, complete the required form provided by the regulatory body, including details about the previous and new owners, the nature of the change, and any relevant identification or documentation.

What is the purpose of notification of ownership change?

The purpose of notification of ownership change is to ensure that the regulatory body has the most current and accurate information regarding the ownership of a business or property, which is essential for legal, tax, and regulatory purposes.

What information must be reported on notification of ownership change?

The information that must be reported typically includes the names and addresses of the previous and new owners, the date of the ownership change, a description of the asset or business, and any relevant identification numbers.