When someone sells or buys a vehicle in Oklahoma, there's an optional but important document known as Form 773 that plays a crucial role in the process. As of its latest revision in November 2013, this form, formally referred to as the Notice of Transfer of Ownership of a Vehicle, is provided by the Oklahoma Tax Commission/Motor Vehicle Division. With a filing fee of just $10.00, this form serves to officially notify the Oklahoma Tax Commission about the change in vehicle ownership, which is a key step in ensuring the legality of the transfer. It asks for detailed information such as the Vehicle Identification Number, title number, and license plate number, along with the printed names and addresses of both the buyer and the seller. Furthermore, the submitting of Form 773 helps record the change in ownership in the state's official records and prevents certain transactions from being processed until the transfer of title is officially completed by the new owner. This notice is especially significant as it lays the groundwork for the transfer of title while also making it clear that simply submitting this form does not itself transfer the title. It highlights the necessity for the buyer to officially transfer the title within thirty days of the sale to avoid penalties, making it an invaluable step for both parties involved in the sale of a vehicle in Oklahoma.
| Question | Answer |
|---|---|
| Form Name | Form 773 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | form 773, otc forms, oklahoma form 773, form 773 ok dmv |