Form SFN 2902, Law Enforcement Impound Vehicle Bill of Sale is a legal document designed to allow law enforcement agencies to enter into sales contracts with private parties. Abandoned and impounded vehicles are frequently auctioned by government agencies (in most cases, municipalities) to recover the expenses of towing and storage. This specific Bill of Sale is useful if you wish to purchase a vehicle at a low price from a reliable seller.
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This form was released by the Motor Vehicle Division of the North Dakota Department of Transportation . The latest version of the form was issued on May 1, 2016 . You can download this specific North Dakota Bill of Sale for Motor Vehicles through the link below.
Form SFN 2888, Seller's Certificate and Vehicle Bill of Sale, is a related document used for all other vehicles in North Dakota. Law enforcement agencies do not take part in those deals - the document is signed only by private parties, individuals, and entities.
North Dakota Motor Vehicle Bill of Sale instructions are as follows:
Confiscated vehicles are taken into custody by various units of government. If the vehicle is not reclaimed by its owner after a notice sent by certified mail, they must be sold to the highest bidder at a public sale or auction.
The parties sign the Bill of Sale which serves as a sales receipt. It also entitles the buyer to register the vehicle with the North Dakota Motor Vehicle Division and receive a certificate of title that will be free of all claims of ownership and liens. North Dakota Bill of Sale for Impound Vehicles enables the unit of government to reimburse itself for the cost of towing, maintaining, and storing vehicles, and also for all publication and notice costs incurred.
Related Forms and Templates: