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Affidavit Of Motor Vehicle Gift Transfer Form 14 317 for the United States

Affidavit Of Motor Vehicle Gift Transfer Form 14 317 Template for United States

The Affidavit of Motor Vehicle Gift Transfer Form 14 317 is a legal document used in the United States to formally document the transfer of a vehicle's ownership from one party to another without monetary compensation. This document serves as official proof that the transfer is a genuine gift rather than a sale, which can have important implications for tax purposes. The affidavit must be notarized and typically includes detailed information about both parties involved, the vehicle specifications, and explicit statements about the gift nature of the transfer.

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What is a Affidavit Of Motor Vehicle Gift Transfer Form 14 317?

The Affidavit Of Motor Vehicle Gift Transfer Form 14 317 is essential when transferring vehicle ownership between family members or other parties without monetary exchange. This document is particularly important for tax purposes and DMV requirements across U.S. jurisdictions, as it establishes that no sale occurred and therefore may exempt the transfer from certain taxes. The form requires specific details about the vehicle, including its VIN, make, model, and year, as well as complete information about both the donor and recipient. It must be notarized to be legally valid and is often required by state DMVs to process the title transfer.

What sections should be included in a Affidavit Of Motor Vehicle Gift Transfer Form 14 317?

1. Declarant Information: Details of the person gifting the vehicle including full name, address, and contact information

2. Recipient Information: Details of the person receiving the vehicle including full name, address, and contact information

3. Vehicle Information: Complete vehicle identification details including VIN, make, model, year, color, and current mileage

4. Transfer Declaration: Formal statement confirming the vehicle is being transferred as a gift without monetary or other consideration

5. Notarization Block: Designated space for notary certification, including notary seal and signature requirements

What sections are optional to include in a Affidavit Of Motor Vehicle Gift Transfer Form 14 317?

1. Relationship Statement: Declaration specifying the relationship between the donor and recipient, particularly relevant for family transfers

2. Lien Declaration: Statement confirming whether there are any existing liens or encumbrances on the vehicle

3. Current Market Value: Statement of the vehicle's current market value, required in some jurisdictions for tax purposes

What schedules should be included in a Affidavit Of Motor Vehicle Gift Transfer Form 14 317?

1. Vehicle Title Copy: Attached copy of the current vehicle title showing ownership

2. Vehicle Registration: Copy of current vehicle registration documents

3. Insurance Information: Documentation regarding insurance transfer or new insurance arrangements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

United States

Publisher

Genie AI

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions




















Clauses


















Industries

State DMV Regulations: Individual state Department of Motor Vehicles regulations governing vehicle transfers, including specific forms, procedures, and requirements for gift transfers

IRC Section 2503: Federal Internal Revenue Code Section 2503 addressing gift tax provisions and exemptions applicable to vehicle gift transfers

Title 49 USC: Title 49 of United States Code covering transportation laws and regulations affecting vehicle ownership and transfers

FTC Regulations: Federal Trade Commission regulations protecting consumers in vehicle transfer transactions

State Consumer Protection Laws: State-specific statutes designed to protect consumers during vehicle transfers and prevent fraudulent transactions

Notarization Requirements: State-specific laws governing the notarization of vehicle transfer documents and affidavits

Ownership Documentation: Requirements for proving vehicle ownership and necessary documentation for legal transfer of title

State Gift Tax Rules: State-specific tax regulations governing the gift transfer of vehicles, including any applicable exemptions

Federal Gift Tax Exemptions: Federal regulations regarding gift tax exemptions and reporting requirements for vehicle transfers

Insurance Requirements: State-mandated insurance requirements and regulations governing the transfer of insurance responsibility during vehicle gifting

Liability Transfer Rules: Legal requirements and procedures for transferring liability from donor to recipient in vehicle gift transfers

Sales Tax Exemptions: State-specific sales tax exemptions and requirements for qualifying gift transfers between family members

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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