What is the Connecticut Au 463 form?
The Connecticut Au 463 form is a declaration used for transferring ownership of a motor vehicle or vessel as a gift. It is important for documenting that the transfer is made without any expectation of payment or compensation. This form helps to establish clear ownership and can be necessary for registration purposes.
Who is required to fill out the Au 463 form?
The form must be completed by both the donor, who is giving the vehicle or vessel, and the donee, who is receiving it. The donor must provide their information, including name and address, while the donee must also provide their name and signature. This ensures that both parties acknowledge the gift transfer.
What information is needed to complete the form?
To fill out the Au 463 form, you will need the donor's name and address, the donee's name, and details about the vehicle or vessel being transferred. This includes the year, make, model, and either the Vehicle Identification Number (VIN) or the Hull Identification Number (HIN). Additionally, the date of the transfer must be included.
Is there any compensation involved in the transfer?
No, the form explicitly states that the transfer is a gift, meaning the donee receives the vehicle or vessel without any compensation. The donor must confirm that there has been no promise of payment or assumption of any debt related to the vehicle or vessel.
What are the consequences of providing false information on the form?
Providing false information on the Au 463 form can lead to serious consequences. The donor must declare under penalties of false statement that the information is true and complete. If found guilty of false statements, an individual may face imprisonment for up to one year, a fine of up to two thousand dollars, or both.
How should the completed form be submitted?
The completed Au 463 form should be submitted to the Connecticut Department of Motor Vehicles (DMV) when registering the vehicle or vessel in the name of the donee. It is advisable to keep a copy of the signed form for personal records.
Is there a specific time frame for submitting the form after the transfer?
Can the Au 463 form be used for both motor vehicles and vessels?
Yes, the Au 463 form can be used for both motor vehicles and vessels. The form provides options to specify whether the transfer is for a motor vehicle or a vessel, making it versatile for different types of gifts.