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How to use or fill out CBS-1, Notice of Sale, Purchase, or Transfer of - Illinois with our platform
- Click ‘Get Form’ to open the CBS-1 document in the editor.
- Begin by filling in the seller's information. Enter the name, driver's license number, address, city, and state in the designated fields.
- Next, input the buyer's details in a similar manner: name, driver's license number, address, city, and state.
- In the 'Property Details' section, provide a description of the personal property along with any serial number if applicable.
- For the 'Trade/Purchase Price', indicate whether payment is being made and specify the amount. Choose from options for payment timing or indicate if it's a gift.
- Complete the 'Seller’s Disclosure' by confirming that all statements are true and signing where indicated.
- Finally, both parties should sign and print their names in the signature area to finalize the agreement.
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