Arkansas Bill of Sale Forms (5)

Arkansas Bill of Sale Forms (5)

An Arkansas bill of sale form confirms the sale of an item from one party to another. It is essential for both the buyer and seller to disclose all relevant details of the deal, as this information helps protect both parties from potential legal disputes in the future. The parties agree to all terms and conditions upon signing the form and accept responsibility for the content provided.

Summary

  • Arkansas residents do not need to notarize bill of sale documents.
  • Private gun sales do not require the use of a background check.
  • Owners must register and title their trailer following the purchase.
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Types (5)

Boat Bill of Sale – This form proves that the owner legally possesses a boat.

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Firearm Bill of Sale – This document informs others of an individual’s gun ownership.

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General Bill of Sale – Serves as a guide for how the transaction of a non-specific item transpired between two individuals.

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Motor Vehicle Bill of Sale – Outlines the agreement of the buyer and seller when selling, gifting, or trading a vehicle.

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Trailer Bill of Sale – Records the happenings of a deal for a tow behind between a buyer and seller.

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Signing Requirements

Bill of Sale Type Buyer Signature Seller Signature Notarization
Boat Required Required Not required
Firearm Required Required Not required
General (others) Required Required Not required
Motor Vehicle Required Required Not required
Trailer Required Required Not required

What is an Arkansas Bill of Sale?

An Arkansas bill of sale records the agreement between two parties by outlining the terms of the ownership transfer. This form specifies the item’s condition and its value at the time of the sale. Both parties must provide an accurate valuation, even in cases where the owner gifts it to the new owner. The state may require additional forms in this scenario.

Each party involved should retain a copy of the bill of sale to maintain a transfer history. The new owner may need the document for registration purposes, proof of ownership, or when reselling the item. It is advisable to securely store the bill of sale, as obtaining a replacement can be challenging, especially if the previous owner is unreachable. Safeguarding the document also helps prevent legal issues if someone wrongfully claims the item as lost or their own by stealing the bill of sale.

Registration Forms: Boats

Owners must present registration documents and fees to a state revenue office.

  • Bill of Sale – A form required for registration that legally transfers watercraft.
  • Application for Watercraft – For the attainment of vessel registration.
  • Payment – The cost includes processing and sticker fees.
  • Insurance – A minimum of $50,000 liability insurance for boats over 50 horsepower.
  • Hull Identification Number (HIN) Verification – A pencil rubbing or clear, printed picture of the HIN.
  • Tax Assessment – Informs the revenue office that a county assessor calculated the boat’s value or the owner has set up an appointment day.
  • Proof of Paid Taxes – Verifies that the owner paid taxes by October 10th of the previous year.
  • Identification (ID) – To confirm the applicant’s identity and residency. The revenue office accepts driver’s licenses, state IDs, or passports as proof.

Registration Forms: Firearms

Arkansas gun owners do not need to register their guns or obtain a permit to carry or buy. Nevertheless, individuals can decide to get a license to open and concealed carry in additional locations. They must bring the following forms to an Arkansas state police headquarters location.

Additional (Optional) Documents

  • Change of Name and/or Address Notification Form – Used for replacing a concealed handgun carry license after moving or changing a name.
  • Lost, Destroyed, or Replacement License Request Form – For individuals with a concealed handgun carry license who have lost or destroyed it.

Registration Forms: Vehicles

Set up an appointment with a Department of Finance (DFA) office to register a car in the state or use the online service.

  • Bill of Sale & Odometer Disclosure Statement (Form 10-313) – This document allows an owner to apply for registration and prove their ownership. If unavailable, the individual can use a title or manufacturer’s statement of origin (MSO), as long as they have a separate odometer disclosure statement.
  • Vehicle Registration Application (Form 10-381) – For new or duplicate registration and titles.
  • Insurance (Minimum Policy) –
    • Bodily Injury: $25,000 per person / $50,000 per accident
    • Property Damage: $25,000
  • Payment – Fees depend on the car’s weight and any other applicable charges.
  • Notice of Transfer of Ownership of a Motor Vehicle – Proves that an individual sold a car to a buyer and no longer has liability.
  • Identification (ID) – The applicant must provide a photo ID verifying their credentials.

Additional (Optional) Documents

  • Arkansas Motor Vehicle Power of Attorney – This form appoints a person to make automobile-related choices for another person.
  • Lien Contract / Security Agreement – Needed if a lienholder holds the title.
  • Personal Property Tax Number (PPAN) – Assigned by the county assessor.
  • Proof of Paid Taxes – Verification of taxes paid by October 10th of the year before.
  • Official Release of Lien (Form 10-315) – A lienholder completes this form when the owner pays off the loan or requests a replacement title.
  • Tax Assessment – A form proving that a county assessor has appraised the car or has plans to in the future.

Registration Forms: Trailers

Bring the necessary forms and payment to a DFA office for trailer registration. 

  • Bill of Sale – A form that an owner must present to register their utility trailer.
  • Payment – Fees depend on the class of the trailer.
  • Identification (ID) – Documentation that proves the person’s information (i.e., an Arkansas driver’s license, ID, or passport).