Procedures

The Assignment of Interest or Notice of Sale or Transfer is attached to the bottom of a title. The seller of a vehicle is required to complete and sign this form to notify the Division of the sale of the vehicle. This notification serves to release a previous vehicle owner of any liability incurred after the sale of a vehicle.

This form must be completed, detached from the title, and turned into the Division within 10 days of sale of a vehicle; however, the Assignment is not rejected by the Division if more than 10 days have lapsed.

An Assignment of Interest or similar form provided by the Division for the purpose of transfer notification shall include the following information:

1. Name and address of seller
2. Name and address of buyer
3. Date of sale
4. Description of vehicle, including vehicle identification number
5. Signature of seller

The Assignment is not rejected if the seller is unable to remember the exact date of sale or the buyer's name and/or address. If the seller is unable to remember the buyer's name use "unknown" in place of the name.

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PROCEDURES:

• Entered by DMV when a customer submits the bottom portion of the title advising that the vehicle was sold or a completed Form 820. (Sale of Vehicle)
• Entered by DMV Fiscal when Request for Refund states that the vehicle was sold.
• Check the record FIRST to see if a title has been issued in the new owner's name prior to entering message. When the title is still in the previous owner's name the information on the Assignment should be entered on the vehicle record using the "Update Indiv Status" function.
• Once an Assignment of Interest has been entered into the motor vehicle files an "electronic record" is created and the paper is to be shredded.
• Removed by DMV when the title is transferred to the new owner(s). Print the Detail Vehicle Record showing the message as a back-up for the transaction.
• A renewal notice is not generated when this status is on the record.
• Title must be transferred before renewal can occur.

Note: An "F" in the status field indicates a foreign transfer. The "F" is used only when the Alaska title is surrendered to a DMV office in another state or jurisdiction. Do not use an "F" when the address of the buyer is outside Alaska. An "F" code is only for titles that have been canceled by another jurisdiction.

Cross Reference:

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