Owner Releasing Interest. 
An owner releasing interest in a vehicle must:  (1) sign the release of interest section provided on the certificate of title or on a release of interest document or form approved by the department, (2) give the certificate of title or evidence of ownership document to the the person gaining interest in the vehicle, (3) give the person gaining interest in the vehicle an odometer disclosure statement if one is required, and (4) report the vehicle sold.

Report of Sale.  
An owner must notify the Department of Licensing (DOL), the county auditor or other agent, or subagent in writing within five business days after a vehicle is or has been sold, given as a gift to another person, traded privately or to a dealership, donated to charity, turned over to an insurance company or wrecking yard, or disposed of.

A report of sale is properly filed if it is received by the DOL, the county auditor or other agent, or subagent within five business days after the date of sale or transfer and it includes certain information including:

• the date of sale or transfer;
• the name and address of both the owner of the vehicle and the person acquiring the vehicle;
• the vehicle identification number and license plate number; and
• payment of the $4.50 filing fee, the 25 cents license plate technology fee, the 50 cents license service fee, and the $8 service fee.

Vehicle dealers are licensed and regulated by the DOL.

A vehicle dealer may, but is not required to, file a report of sale on behalf of an owner who trades in, sells, or otherwise transfers ownership of a vehicle to the dealer.  A vehicle dealer who files on behalf of an owner may collect and remit the required fees from the owner.