What is the purpose of the Illinois Disposition form?
The Illinois Disposition form, also known as the Certificate of Final Disposition, serves as an official document that confirms the transfer of ownership of a vehicle. This form is crucial for individuals who have purchased or received a vehicle as a donation, ensuring that the transaction is free of any liens. By completing this form, both the seller and the buyer can protect their interests and facilitate a smooth transfer of the vehicle’s title.
Who is eligible to use the Illinois Disposition form?
This form can only be utilized by individuals who are licensed under Section 5/5-301 ILCS. It is important to ensure that you meet this requirement before attempting to complete and submit the form. If you are unsure of your eligibility, you may want to consult with a legal professional or contact the Secretary of State’s office for clarification.
What information is required to complete the Illinois Disposition form?
To properly fill out the Illinois Disposition form, several key pieces of information must be provided. This includes the vehicle's identification number (VIN), make, model year, body type, and color. Additionally, the form requires details about the location of the vehicle, the names and addresses of both the purchaser and the current owner of record, as well as the expiration date of the owner’s UDL number. Completing all sections accurately is essential to avoid any delays in processing the form.
What happens after submitting the Illinois Disposition form?
Once the Illinois Disposition form is completed and submitted, it may be used to obtain a Junking Certificate if accompanied by the proper junking application, proof of title search, and a junk vehicle bill of sale. This certificate is important for individuals looking to dispose of a vehicle that is no longer operational. It provides legal confirmation that the vehicle has been properly disposed of and helps to clear any liabilities associated with the vehicle.