The Expert Podcast

…Well for those of you who have been following our channel for many years this will come as no surprise. But there's some important developments for the Vermont loophole The thing that's been, you know most interesting to people around the country for over a decade. And this Vermont loopholes having some significant changes. Over the next couple of weeks. And like I said for war viewers of the channel you've seen us talk about this going back a couple of years.

That this is something that's going to happen. Where this loophole is effectively being closed There may be some ways to use it but you want to be aware of what's required. This is the new. Current requirements from the Vermont DMV They've issued a bulletin called the Vermont registered I'm sorry the out of state registration certification. This is a form that is issued six of 23 So June of 2023 this is a new form.

In concert with other state jurisdictions What does that mean? That means a Vermont DMV has been in contact with other DMVs we've reported on this for several years that the DMVs across the country. Have been working with Vermont to try to consolidate these rules because they don't want people to just kind of using this loophole and getting titles for vehicles They're not supposed to. The Vermont department of motor vehicle now evaluate all out-of-state transaction based on your own home states laws regulations and policies. And we've talked about this.

Every state has certain policies about where you can and cannot register your vehicle. Right. So up until now Vermont didn't really care. To that end the department will not process these transactions. Unless you can establish a legitimate connection So what you have to do is you have to get this form that says by signing this form I declare on the owner of the vehicle and apply for registration.

I certified the statements contained in this application are true. I understand that the declaration is made under penalties. To be completed by the home state of motor vehicles or comparable agency What that means is…

when you send in an application, To the state of Vermont for a registration for the loophole, you have to get your state. To save That's okay…

Not okay to transfer the registration from Vermont to your state, but it's okay for Vermont to give you that license plate in the first place. Right. So once this information is received a Vermont DMV law enforcement division will review the request and ultimately grant or deny the application. During this. process the staff may request additional information from the owner or his home state.

So the long story short is they're going to review these. If you're trying to get a title for a vehicle that really you're not supposed to, they're not going to be part of that. We recommend as we always have looking at the other options the bonded title the court order title prior owner contact the other types of methods on our website In fact, in most cases…

The other methods are cheaper than Vermont because Vermont charges you big time sales tax They always have, and we've always advised people not to use Vermont as your first option because the taxes are high and you have to wait for Vermont the process and then switch it to your state. Whether you do a bonded title I magistrate title. Court order title You don't have to pay tax to Vermont You don't have to wait for Vermont the process and now you don't have to deal with this. Effective immediately complete this form required. Option.

Right. the form has to be completed in the home state of the vehicle owner certifying that the home state laws do not require the vehicle to be registered there. Very few states are going to. Save This is okay. If you want to go ahead and try for Vermont loophole Go ahead.

It's It's you know your option to do, but. We advise that you do another more appropriate process Like we all. have suggested. Court order bonded title or other methods you see on our website or you can consult with us to see what might be. More appropriate in your scenario But if you do decide to still persist with wanting to do this or Mount loophole, be aware that there's a lot of possibility that it's not going to work And if you pay us to do it, then.

The costs. Is going to be spent. All we can do is switch it over to another process after the fact. So make sure that you. Pick a method that you want to abide by and not necessarily pick one just because you read it somewhere on the internet.

As always we're glad to help We're glad to be,

assisting with the title process because we know how hard it is to get a title. we deal with DMVs all the time We want to make it easy for you, but we want to help guide you into a process that is kind of be more appropriate for scenario in the for most people, Vermont is not the way to go You want to use another process And even though we've advised that for a long time, many people still gravitate to it because it sounds good It sounds like you're getting away with something or a loophole. We don't advise it and looking at the other methods is probably going to be better for you and let us help Let us be a good resource a free consumer resource for.