What Is an Arkansas Bill of Sale?
An Arkansas Bill of Sale is a handwritten or typed document designed to assist residents of Arkansas in recording a legitimate agreement and transaction between the seller and the buyer of any personal property. Irrespective of the property being sold, you can use a bill of sale to have further proof of sale and purchase of personal property. Basically, the form certifies that the property is being sold in the current condition, does not come with warranties or guarantees, and now belongs to the buyer, with the seller no longer bearing responsibility for the item.
Types of Bills of Sale in Arkansas
- An Arkansas Generic Bill of Sale is a certificate of transfer of property, used for any types of property. One of the most common uses of this document is when you sell a "second-hand" item to another person. If you are not selling and purchasing vehicles, boats, or firearms, there are no uniform documents to fill out, and you can simply use our customizable online template;
- An Arkansas Vehicle Bill of Sale is a document that details in writing a transfer of the vehicle from one party to another. Arkansas has two government-released forms for the entire state:
- A form issued by the Arkansas Department of Finance and Administration and used for vehicles claimed as a tax credit as a result of the purchase of replacement vehicles. The law allows the seller to receive a sales and use tax credit if a used motor vehicle, trailer or semi-trailer is sold within 45 days before or after the purchase of the new vehicle;
- A State of Arkansas Vehicle Bill of Sale/Odometer Disclosure Statement. It is released by the same department and used for all other instances of vehicle transfer. It has to contain the mileage upon the transfer of ownership, as the federal and state laws require.
- An Arkansas Boat Bill of Sale (short-form or long-form) is needed to record a basic agreement for the sale of a motorized or non-motorized watercraft;
- An Arkansas Firearm Bill of Sale is a document that contains the details on the sale of a gun, legally sold, purchased, or traded.
Do I Need a Bill of Sale in Arkansas?
The document is an important part of any transaction that shows the transfer of a certain item from one person, or entity, to another. It verifies the purchase and proves you legally own the property. Also, it releases the seller from any liability and protects both parties to the contract from any possible future disputes, so fill out the bill of sale properly at the time of the sale.
Arkansas Bill of Sale Requirements
If you wish to create your own bill of sale for the state of Arkansas, you can browse our library of generic bill of sale templates below. The form needs to contain:
- Seller's and buyer's personal information – the full name, address, and identification (usually the driver’s license number is enough);
- Property description – provide details on the property that is being sold and bought, its serial number, model, size, color, design, possible faults, and distinctive characteristics;
- Date of the transaction;
- Amount paid and the method of payment;
- Signatures of both parties, or their legal representatives.
This document is a record of a sold vehicle in the state of Arkansas. It shows important information about the sale of the vehicle and the parties of the deal. Use this form during the transfer of ownership of your vehicle and as proof of purchase.
This Arkansas Vehicle Bill of Sale is an agreement between the seller and the buyer that records the sale or transfer of a vehicle (used motor vehicles, trailers, and semi-trailers) from one party to the other.