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Duties of the DMV include enforcement of state and federal laws regarding motor vehicles. Many departments have sworn law enforcement officers who enforce DMV regulations that are codified in state law. In North Carolina, for example, the DMV contains an element known as "License and Theft." Stolen motor vehicles are tracked down by "Inspectors ...
After you receive the duplicate title, you can do the following: ... gifts from non-immediate family members must have gift letter notarized. Immediate family members for purposes of taxation are ...
Reserve plates permit the plate holder to receive the same serial number when new plate styles are issued, or to transfer the serial number to family members. These plates are either all-numeric (1 through 99999) or consist of a single letter followed or preceded by a number (A 1 through Z 9999 and 1 A through 9999 Z).
Vehicle titles are also used for car title loans, in which a car owner gives the vehicle lender their vehicle title as collateral in exchange for a loan. In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan.
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The gift letter proves that the funds are in fact a gift and don’t have to be repaid, and that the giver isn’t involved in the purchase or ownership of the home.
The donee must accept the gift in order for the property transfer to take place. [1] However, because people generally accept gifts, acceptance will be presumed, so long as the donee does not expressly reject the gift. [2] A rejection of the gift destroys the gift, so that a donee cannot revive a once-rejected gift by later accepting it.
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