The California Form REG 262 is a critical document used for the transfer and reassignment of vehicle or vessel ownership. This form must accompany the title or application for a duplicate title, ensuring that all necessary information is accurately recorded. Understanding its components and requirements is essential for both buyers and sellers to facilitate a smooth transaction.
The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, plays a crucial role in the transfer of ownership for vehicles and vessels in the state. This form is essential for both buyers and sellers, as it serves as a formal record of the transaction. It must accompany the title or an application for a duplicate title, ensuring that all necessary documentation is in order. The form consists of several sections that capture vital information, including the vehicle or vessel identification details, the bill of sale, and an odometer disclosure statement. Each section requires accurate completion to prevent any legal issues or misunderstandings regarding ownership. For instance, the odometer disclosure must reflect the actual mileage at the time of sale, as any discrepancies can lead to penalties. Additionally, the form allows for the appointment of a power of attorney, enabling another individual to handle the transfer process on behalf of the seller or buyer. It is imperative for all parties involved to understand their rights and responsibilities under California law, as outlined in the Car Buyer’s Bill of Rights and other resources available through the DMV. Properly completing and submitting the REG 262 form helps facilitate a smooth transition of ownership while safeguarding the interests of both parties.
VEHICLE/VESSEL TRANSFER AND REASSIGNMENT FORM
A Public Service Agency
INSTRUCTIONS ON REVERSE SIDE - ALL SIGNATURES MUST BE IN INK - PHOTOCOPIES NOT ACCEPTED
This form is not the ownership certificate. It must accompany the titling document or Application for Duplicate Title. For Car Buyer's Bill of Rights, visit www.dmv.ca.gov.
ACQUISITION NUMBER (DISMANTLER ONLY)
BILL OF SALE VEHICLE/VESSEL ID
ODOMETER
BUYER
SELLER
POWER OF ATTORNEY
SECTION 1 - VEHICLE/VESSEL DESCRIPTION
IDENTIFICATION NUMBER
YEAR MODEL
MAKE
LICENSE PLATE/CF NO.
MOTORCYCLE ENGINE NUMBER
SECTION 2 - BILL OF SALE
I/We
sell,
transfer, and
deliver the above
vehicle/vessel
PRINT SELLER'S NAME(S)
to
GEICO
on
for the amount of
$
N/A
PRINT BUYER'S NAME(S)
MO
DAY
YEAR
(SELLING PRICE)
If this was a gift, indicate relationship:
(e.g., parents, spouse, friend, etc.)
(GIFT VALUE)
SECTION 3 - ODOMETER DISCLOSURE STATEMENT (Void if Mileage is Altered or Erased)
Federal and State Law requires that you state the mileage upon transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.
The odometer now reads
,
ths (no tenths) miles, and to the best of my knowledge
10
reflects the ACTUAL mileage unless one of the following statements is checked.
WARNING - ODOMETER DISCREPANCY
Odometer reading is NOT the actual mileage
Mileage EXCEEDS the odometer mechanical limits
Explain odometer discrepancy:
SECTION 4 - BUYER AND SELLER (MUST hand print his or her name, date and sign this section.)
BUYER'S SECTION
I acknowledge the odometer reading and the facts of the transfer. I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing is true and correct.
PRINT BUYER'S NAME
SIGNATURE
DATE
DL/ID OR DEALER/DISM #
x
BUYER'S MAILING ADDRESS
CITY
STATE
ZIP CODE
DAYTIME TELEPHONE NO
SELLER'S SECTION
I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing is true and correct.
PRINT SELLER'S NAME
SELLER'S MAILING ADDRESS
SECTION 5 - POWER OF ATTORNEY
appoint
PRINT NAME(S)
as my attorney in fact, to complete all necessary documents, as needed, to transfer ownership as required by law.
SIGNATURE REQUIRED BY PERSON APPOINTING POWER OF ATIORNEY
REG 262 (REV. 10/2011)
The California Form REG 262 is essential for transferring ownership of a vehicle or vessel. However, several other forms and documents often accompany this form to ensure a smooth transaction. Below is a list of these additional documents, each serving a specific purpose in the transfer process.
These documents collectively ensure that the transfer of ownership is legally recognized and that all parties fulfill their obligations. Understanding the role of each form can help facilitate a smoother transaction when buying or selling a vehicle or vessel in California.
Section 8 100 Gold Street - Your engagement in the process will impact the outcome of your extension request, so remain proactive.
Fedex Frieght - All parties must acknowledge receipt and agreement of terms.
Free Direct Deposit Authorization Form - The form is straightforward and designed for simplicity, making it accessible for all users.
When filling out the California Form REG 262, it's essential to keep several key points in mind to ensure a smooth transfer of ownership for vehicles and vessels. Here are eight important takeaways:
By keeping these takeaways in mind, individuals can navigate the process of using the REG 262 form more effectively, ensuring compliance with state regulations and a successful transfer of ownership.
The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, is a document required for transferring ownership of a vehicle or vessel in California. This form is necessary when the title is not available, such as in the case of a lost title. It must accompany the title or an application for a duplicate title. The form serves multiple purposes, including recording the bill of sale, disclosing the odometer reading, and providing buyer and seller information. It is important to note that this form does not serve as the ownership certificate itself.
Filling out the REG 262 form involves several key sections:
All signatures must be in ink, and photocopies of the form are not accepted. It is crucial to ensure that all information is accurate to avoid potential legal issues.
If the odometer reading is incorrect, it is essential to disclose this discrepancy on the REG 262 form. The seller must check the appropriate box indicating that the odometer reading is not the actual mileage or that the mileage exceeds the mechanical limits of the odometer. Failing to provide accurate information can lead to fines or even imprisonment, as both federal and state laws require honesty in odometer disclosures. If there is a discrepancy, an explanation should be provided in the designated area on the form.
No, photocopies of the REG 262 form are not accepted. The original form must be completed and submitted. However, you may keep a photocopy for your personal records after you have filled it out. It is advisable to retain this copy as it serves as proof of the transaction and the information provided, should any issues arise later.
Misconceptions about the California Form Reg 262