The seller is required to give the title to the buyer when the vehicle is delivered to the buyer. Federal law requires the seller and buyer to certify the odometer reading of a vehicle that is less than ten years old.
To properly transfer a title, the seller(s) must sign the release on the title and complete the assignment to the new owner or buyer. If there is an "AND" conjunction on the face of the title, ALL owners must release the title. With an "OR" conjunction, only one of the owners is required to release the title.
To protect yourself from further liability for the vehicle after you have sold it, take the following precautions:
Federal law prohibits the State from transferring the title if the assignment, including the odometer statement has not been completed. For a person's protection, it is important that they do not leave any blank spaces on the assignment. A seller who is delivering the title to the buyer must sign it, releasing interest in the vehicle, in the reassignment portion on the title. If the title transfer is not taking place in a DMV Office, an individual should complete the notice of transfer, (located at the very bottom of the title) and mail the transfer to the address at the bottom of this page. This portion by itself does not transfer the title, however it notifies DMV of a transfer pending and the DMV will not renew the registration in the current owner's name until the transfer has taken place. If the bottom portion of the title is missing or you have already given the title to the purchaser, you can complete a Notice of Transfer Pending and submit the completed form to DMV.
If the title to the vehicle has been lost, regardless of whether the buyer or the seller lost it, the owner shown on the DMV records must apply for a duplicate title before ownership can be transferred. If the title was issued by a state other than Alaska, the owner must apply to that state to obtain a duplicate title.
State of Alaska
Division of Motor Vehicles
1300 W Benson Boulevard STE 200
Anchorage AK 99503-3600