The "Application for Certificate of Title for a Motor Vehicle (MV1)" form is used to apply for a certificate of title for a motor vehicle in Montana. The form's purpose is to establish ownership of the vehicle and register it with the Montana Department of Justice, Motor Vehicle Division.
To fill out the MV1 form, the following information is required:
* Vehicle information: The year, make, model, and vehicle identification number (VIN) of the vehicle being titled.
* Owner information: The name, address, and driver's license number of the owner(s) of the vehicle. If there are multiple owners, the form will require each owner's information.
* Lienholder information: If there is a lien on the vehicle, the name and address of the lienholder must be provided.
* Sales information: If the vehicle was purchased or sold, the date of sale, sale price, and the name and address of the buyer and seller must be provided.
* Mileage information: The current mileage on the vehicle must be provided.
* Tax information: The MV1 form includes a section for calculating the sales tax due on the vehicle. This section will require information such as the purchase price and trade-in allowance.
* Signatures: The MV1 form requires the signature of the vehicle owner(s) and any lienholder.
Once the MV1 form is completed, it can be submitted to the Montana Department of Justice, Motor Vehicle Division. The form can be submitted at a county treasurer's office or mailed to the Motor Vehicle Division. The application fee, which varies depending on the type of vehicle and its age, must be paid at the time of submission.
It's important to note that the MV1 form should be completed accurately and completely, as errors or omissions may delay the processing of the application. Additionally, if the vehicle is less than 10 years old, a title search is required to ensure that there are no liens or other encumbrances on the vehicle. This search can be conducted through the Montana Motor Vehicle Division or a private title company.