Itd 3858 Template

Itd 3858 Template

The ITD 3858 form is a critical document known as the Notice of Release of Liability, used in Idaho to protect sellers from future liabilities associated with a vehicle or vessel after its sale. By properly completing this form, sellers can ensure they are no longer responsible for any accidents, damages, or infractions that occur once the vehicle has been transferred to the new owner. It is essential to fill out this form accurately and submit it promptly to avoid any legal complications.

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Essential Queries on This Form

What is the purpose of the ITD 3858 form?

The ITD 3858 form, also known as the Notice of Release of Liability, serves to protect sellers from liability for various issues that may arise after the sale of a vehicle or vessel. This includes potential claims related to death, injury, property damage, motor vehicle infractions, and associated charges such as towing and storage. Properly completing and submitting this form ensures that the seller is no longer responsible for these liabilities once the vehicle is delivered to the purchaser.

What information is required to complete the ITD 3858 form?

To complete the ITD 3858 form, the following information is necessary:

  • Vehicle or Hull Identification Number (VIN/HIN)
  • Seller’s full legal name, driver’s license number or Social Security Number (SSN), and physical address
  • Odometer reading at the time of sale (for vehicles only)
  • Year, make, and body style of the vehicle or vessel
  • Purchaser's full legal name, driver’s license number, and physical address
  • Title number and tag number (for ITD use only)
  • Selling price
  • Date of delivery to the purchaser

All information must be printed clearly and completely to ensure proper processing.

What are the steps to file the ITD 3858 form?

Filing the ITD 3858 form involves several steps:

  1. Fill out the top section of the form with the required information.
  2. Attach a check or money order for $3.50 made payable to your local county assessor motor vehicle department.
  3. Mail or return the completed form and payment to your local county assessor motor vehicle department.

It is important to file this form within five days of delivering the vehicle or vessel to the purchaser to ensure liability protection.

What happens if I do not file the ITD 3858 form?

If the ITD 3858 form is not filed, the seller remains liable for any incidents that occur after the sale. This includes potential claims for injuries, damages, or infractions related to the vehicle or vessel. The seller's name will also remain on the motor vehicle record until a new title is issued, which can lead to complications if issues arise with the vehicle after the transfer.

Can a lienholder file the ITD 3858 form on behalf of the seller?

Yes, a lienholder can complete the ITD 3858 form on behalf of the registered owner if the title is being sent directly to a dealer or purchaser. This allows the lienholder to ensure that the seller is protected from future liabilities related to the vehicle or vessel, provided the form is filed correctly and within the required timeframe.

What should I do with my vehicle license plates after the sale?

After selling or transferring a vehicle, it is important to remove the vehicle's license plates. Sellers may transfer the plates to another vehicle they own. This step is crucial to avoid any potential liabilities associated with the sold vehicle.

Misconceptions

  • Misconception 1: The ITD 3858 form is optional.
  • Many individuals believe that submitting the ITD 3858 form is not necessary when selling a vehicle. In reality, this form is crucial for protecting the seller from future liabilities related to the vehicle. Without it, the seller may remain legally responsible for any incidents involving the vehicle after the sale.

  • Misconception 2: Filing the form absolves the seller of all responsibilities immediately.
  • Some sellers assume that once they file the ITD 3858 form, they are completely free from any responsibilities regarding the vehicle. However, while the form does protect against certain liabilities, the seller's name will remain on the vehicle record until a new title is issued in the purchaser's name.

  • Misconception 3: The form can be filed at any time after the sale.
  • There is a common belief that the ITD 3858 form can be submitted whenever convenient. In fact, the form must be filed within five days of the vehicle's delivery to the purchaser. Delaying this action can lead to unwanted legal complications.

  • Misconception 4: Only the seller needs to complete the form.
  • Some people think that only the seller is responsible for filling out the ITD 3858 form. However, it is essential for both the seller and the purchaser to provide accurate information on the form to ensure that the transfer of liability is properly documented.

  • Misconception 5: The ITD 3858 form is only for cars.
  • There is a misconception that the ITD 3858 form is applicable solely to motor vehicles. In truth, this form is also relevant for vessels, making it important for sellers of both vehicles and boats to understand its significance in the transfer process.

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