Form 4034 PDF Details

The South Carolina Department of Motor Vehicles provides a crucial form known as the 4034 form, an Affidavit for Repossessed Motor Vehicle. This document plays a pivotal role in the vehicle repossession process, ensuring that rights and obligations are clearly established for all parties involved. Its primary function is to certify, under penalties of perjury, that the vehicle described within has been repossessed due to the former owner's failure to satisfy the conditions of a lien or mortgage. This form requires detailed information about the vehicle, the owner from whom it was repossessed, the lienholder, and the manner of repossession. It is designed to protect the interests of lienholders and outline the procedure for transferring ownership of the repossessed vehicle. Alongside the 4034 form, other documents such as the original title showing the recorded lien, the Application for Title and Registration (Form 400), and the Secured Bill of Sale (Form 4031) are required for a repossessed vehicle to be registered under a new owner. The document emphasizes compliance with notifying all parties with a vested interest in the vehicle and mandates that the affidavit, along with the certificate of title, be completed in full detail to facilitate the sale or disposal of the vehicle. Notably, the form comes with specific instructions to ensure that sales tax is properly accounted for and that all procedures adhere to the South Carolina Department of Motor Vehicles' guidelines, thus ensuring the legal transfer of the vehicle.

QuestionAnswer
Form NameForm 4034
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namessouth carolina repo affidavit, sc dmv repossession form, sc repo affidavit, sc repossession form

Form Preview Example

South Carolina Department of Motor Vehicles

AFFIDAVIT FOR REPOSSESSED MOTOR VEHICLE

4034 (Rev. 3/04)

(Entire Form to be Typed or Printed)

Under penalties of perjury, I _________________________________________ certify that all facts set forth herein are

true and correct and further certifies that the holders of other unsatisfied liens recorded against this vehicle on the records, Department of Motor Vehicles, Columbia, S.C., have been duly notified to protect their interest in the vehicle, if any, and this is to certify that the undersigned has repossessed the motor vehicle described below because of the failure of the former owner to meet this obligation for settlement of a lien or mortgage on said vehicle.

Name of Owner from Whom Vehicle Repossessed

Street

City

State

Zip Code

 

 

 

 

Make

Vehicle Identification Number (Serial)

 

Title Number

 

 

 

 

Year Model

Current License Number

License Year

Body Style

Method Of Repossession

_____ Terms of Lien or Mortgage

_____ Voluntary

_____ Public Sale

(IF BY PUBLIC SALE ATTACH BILL OF SALE OF SHERIFF, OR AUTHORIZED SELLER)

Amount of Original Lien $

________________________________ Date of Lien____________________________

Lienholder's Name

_______________________________________________________________________

Street, City, State, Zip Code

_______________________________________________________________________

Date of Repossession

________________________________________

Signature of Lienholder

________________________________________ Title _____________________

Furthermore, this is to certify that for the value received $________________________the above vehicle has been assigned

to:_________________________________________________________________________________________________________

NAMESTREETCITYSTATEZIP CODE for disposition or sale.

By:_______________________________________

Date: _____________________________________

Sales Tax No.:______________________________

NOTICE: This form must accompany the Certificate of Title, which must be properly assigned over to the new owner on the back of the title.

(See instructions on reverse side)

REPOSSESSION

1.To register a repossessed vehicle, the following forms are required:

S.C. title showing recorded lien

Form 400 - Application for Title and Registration

Form 4034 - Repossession Affidavit

Form 4031 - Secured Bill of Sale

2.The Form 400 should be completed by the applicant for registration and title. A license plate may be transferred from a vehicle of the same general classification owned by the same person to this newly acquired vehicle, otherwise, a paid tax receipt must be furnished and a new license plate purchased.

3.The Form 4034 must be completed in every detail, and submitted with the title. When reassigned, if the sales tax is collected, enter sales tax number in the space provided on the reverse side of this affidavit. AN INCOMPLETE AFFIDAVIT WILL BE RETURNED. Particular attention is called to the paragraph beginning with "Under penalties of perjury...". This paragraph now requires certification that all other lienholders have been notified as well as that all facts stated are true and correct.

4.The Certificate of Title must be assigned and on S.C. Titles dated prior to June 19,1989, the Form 4031 must be completed in detail indicating the sales price and odometer mileage of the vehicle.

5.To register a repossessed vehicle registered in another state, the application must be accompanied by the out-of-state title or if from a non-title state, the registration of the former owner must accompany the application. Verification by the out-of-state Bureau of Motor Vehicles may be acceptable.

6.Value received is necessary in cases when excise or use taxes must be collected by the South Carolina Department of Motor Vehicles.

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1. Whenever submitting the sc affidavit repossessed motor vehicle, make certain to complete all important blanks within the relevant part. It will help expedite the process, allowing your information to be handled without delay and properly.

Filling in segment 1 of sc 4034 form

2. After filling out the previous section, head on to the subsequent part and enter the necessary particulars in all these blanks - IF BY PUBLIC SALE ATTACH BILL OF, Amount of Original Lien, Date of Lien Title, Furthermore this is to certify, NAME, for disposition or sale, STREET, CITY, STATE, ZIP CODE, Date, and Sales Tax No.

STREET, STATE, and Sales Tax No of sc 4034 form

People who work with this document often make some mistakes while filling out STREET in this area. Ensure that you review whatever you enter right here.

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